Last Updated: August 17, 2023, 09:26 IST
Sensex Today: Sensex and Nifty on Thursday started on a weak note as a hawkish undertone from the US Fed’s FOMC minutes.
Global Cues
Tokyo shares opened lower on Thursday following losses on Wall Street as US Treasury bond yields surged to multi-year peaks.The benchmark Nikkei 225 index fell 0.46 percent, or 144.84 points, to 31,621.98, while the broader Topix index slipped 0.37 percent, or 8.33 points, to 2,252.51.
Wall Street ended lower on Wednesday after the Federal Reserve’s minutes showed central bank officials were divided over the need for more interest rate hikes at their last meeting.
Oil prices fell in early trade on Thursday, extending losses to a fourth consecutive session on fears of slowing growth in China and possible further U.S. interest rate hikes weakening fuel demand in the world’s two biggest economies. Brent crude futures fell 37 cents, or 0.44%, to $83.08 a barrel, while U.S. West Texas Intermediate crude (WTI) was down 39 cents, or 0.49%, to $78.99 a barrel at 0038 GMT.
