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Sensex drops by 229 points, Yes Bank slips 5 pc
Equity benchmark indices were in the red during early hours on Thursday on the back of mixed global cues and selling pressure across various segments.
Mumbai: Equity benchmark indices were in the red during early hours on Thursday on the back of mixed global cues and selling pressure across various segments.
Meanwhile, Asian shares turned lower after the US Federal Reserve cut interest rates by 25 basis points. It was the second Fed rate cut this year.
MSCI's broadest index of Asia Pacific shares outside Japan fell by 0.36 per cent. Hong Kong shares shed by 0.96 per cent but Japan's Nikkei rose by 1.01 per cent.
Central banks around the world have been loosening policy to counter the risks of low inflation and recession. Easier monetary policy generally supports equities.(ANI)