Sensex, Nifty decline amid sell-off in equities as trade tensions flare up

Investors are also likely to take cues from the central bank's policy, corporate earnings and monsoon

Indian markets slumped on Wednesday amid a selloff in global equities following a flare-up in trade tensions between the US and China. Investors went into a risk-off mode after China slapped tariffs on $50 billion worth of US products in retaliation to fresh duties imposed by US President Donald Trump on Chinese goods.
 
The Sensex fell 351 points, or 1.05 per cent, to close at 33,019.07, while the Nifty50 index lost 116 points, or 1.14 per cent, to finish the day at 10,128.4. Most Asian peers, too, ended in the red. Most European markets had opened a per cent