BSE Sensex trades marginally lower, while the Nifty 50 trades near 10,700. Here are the latest updates from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 traded marginally lower on Thursday, tracking losses in global equities. Asian shares opened subdued ahead of the Sino-US trade talks and after the US Federal Reserve kept interest unchanged, acknowledging inflation is close to target without indicating any intention to veer from their gradual tightening of monetary policy. The Indian rupee on Thursday opened marginally stronger against the US dollar in opening trade.

10.10 am IST
Market update
BSE Sensex traded lower by 46.11 points, or 0.13%, to 35,130.31, while the Nifty 50 fell 27 points, or 0.25%, to 10,691.05.

10.07 am IST
HCL shares fall 7%
HCL Technologies Ltd shares fall 6.92% to Rs931.75 after the company posted a 9.8% drop in consolidated net profit for the March 2018 quarter. On Wednesday, HCL shares closed 4.79% lower at Rs1,001.05

10.03 am IST
Firms shelve $3 billion bond sales on fears of Fed hike
Uncertainty around possible rate hikes by the US Federal Reserve and a consequent rise in volatility in the US bond market has led several Indian firms and financial institutions to shelve their overseas fund-raising plans. Indian corporate bond issues worth over $3 billion have been shelved as firms wait on the sidelines, keeping a vigil on interest rates in the US.

10 am IST
Biocon shares fall 4% after regulators issue observations
Biocon Ltd shares fell 4.24% to Rs635.35 after the company said it has received observations from US and European regulators.
The USFDA has completed pre-approval inspection of the sterile drug product manufacturing facility in Bengaluru this week and issued a Form 483 with 7 observations, the filing said. The company has also this week received the preliminary report from the European Regulator post inspection of its sterile drug product facility in Bengaluru in March 2018, the spokesperson added.

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