LIVE Markets: Sensex slumps over 250 points after BoJ, US Fed maintain status quo on key rates , Nifty below 8,150; Ujjivan falls
10.25 am: Meanwhile, market benchmark BSE Sensex tanked over 300 points and hit a low of 26,402.67. Nifty was trading below 8,120 mark due to profit-booking by investors after Thursday’s gains amid weak global cues.
10.10 am: The rupee advanced by two paise to 67.13 against the US dollar in early trade at the Interbank Foreign Exchange today on increased selling of the American currency by exporters and banks. Sensex was down 283.77 points, or 1.06 per cent, down at 26,442.57. Nifty was down 83.60 points at 8,123.
10.05 am: Shares of the three public listed subsidiaries of State Bank of India (SBI) such as State Bank of Mysore, State Bank of Travancore and State Bank of Bikaner and Jaipur (SBBJ) continued to remain investors favourite for the second straight day as they hit their fresh 52-week high in early trade on Thursday. Read more
9.27 am: The Bank of Japan kept monetary policy steady on Thursday even as sluggish global growth and anaemic inflation put policymakers under pressure to do more to reflate the economy out of stagnation, bolstering the yen and battering Tokyo stocks. The yen rose more than 1 per cent against the dollar to hit a 20-month high, while the Nikkei stock average fell 2 per cent after the BOJ’s decision. Maruti Suzuki shares were trading 1.74 per cent down at Rs 4,134. Sensex was down 190.78 points at 26,535.
9.16 am: Sensex was trading 161.69 points down at 26,564.65. Nifty was down 25.95 points at 8,180.65.
9.15 am: The BSE Sensex opened 40.31 points down at 26,686.0.3, while Nifty 50 index opened 25.95 points down at 8,180.65.
9.07 am: Oil marketing companies such as IOC, BPCL and HPCL will remain in focus on Thursday after petrol price was marginally hiked by 5 paise a litre and diesel by Rs 1.26 a litre, the fourth increase in rates in six weeks. Petrol now cost Rs 65.65 a litre in Delhi as compared to Rs 65.60 per litre earlier. Similarly, diesel now cost Rs 55.19 per litre as against Rs 53.93 a litre earlier.
8.37 am: The Bank of Japan kept monetary policy steady and stuck to its optimistic view of the economy on Thursday, even as renewed yen rises and slumping stock prices threaten to hurt business sentiment and derail a fragile economic recovery.
8.11 am: The BSE Sensex and NSE Nifty are likely to open in red on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and subdued global cues.
At 7.51 am (IST), SGX Nifty was down 27 points, or 0.33 per cent, at 8,185.
Asian peers, Hang Seng, Nikkei and Shanhai were trading down by 1.86 per cent, 1.18 per cent and 0.37 per cent, respectively.
Wall Street fell for a fifth straight session on Wednesday after the Federal Reserve Chair Janet Yellen left US interest rates unchanged citing slow jobs gains, tepid growth and low inflation – and an impending vote in Britain on whether to quit the European Union.
The Dow Jones industrial average lost 0.2 per cent to end at 17,640.17 and the S&P 500 fell 0.18 per cent to 2,071.50. The Nasdaq Composite dropped 0.18 per cent to 4,834.93.