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The Dollar/Yen is inching higher early Wednesday after hitting its lowest level since May 26 the previous session amid some risk aversion concerns. Lower Treasury yields are also weighing on the greenback, which may be indicative of fears of a coming disappointment in economic growth.
At 03:44 GMT, the USD/JPY is trading 109.034, up 0.003 or +0.00%.
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Equity indices plunge on weak global cues, metal stocks hit badly ANI | Updated: Mar 04, 2021 10:19 IST
Mumbai (Maharashtra) [India], Mar 4 (ANI): Equity benchmark indices fell sharply during early hours on Thursday as traders booked profit on weak global cues.
At 10:15 am, the BSE S&P Sensex was down by 650 points or 1.26 per cent at 50,795 while the Nifty 50 edged lower by 194 points or 1.27 per cent to 15,052.
All sectoral indices at the National Stock Exchange were in the negative terrain with Nifty metal down by 2.9 per cent, PSU bank and financial service by 2.3 per cent each, and auto by 1.3 per cent.
Among stocks, JSW Steel dropped by 3.4 per cent to Rs 413.65 per share while Tata Steel was down by 3.2 per cent to Rs 752.25. Hindalco too dipped by 2.6 per cent to Rs 349.80 per share.