BSE Sensex trades lower by 50 points, while the Nifty 50 trades below 10,150. Here are the latest updates from the markets

Indian shares rose on Thursday, led by energy and financial stocks, ahead of the expiry of derivatives contracts and after the US Federal Reserve raised interest rates while retaining its view for three hikes this year. The Fed raised interest rates and forecast at least two more hikes for 2018, signalling growing confidence that US tax cuts and government spending will boost the economy and inflation and lead to more aggressive tightening in future. Domestically, traders are also awaiting cues from the roll-over of monthly derivatives contracts later in the day.

3 pm IST
Borosil Glass Works shares gain over 1%
Borosil Glass Works Ltd said the board of director will consider in an upcoming meeting “acquisition of 100% shares of two existing closely held non-listed domestic public limited companies.” The company’s shares traded 1.15% up at Rs833.90

2.57 pm IST
Donald Trump is said to plan to impose $50 billion in China tariffs
President Donald Trump is set to announce about $50 billion of tariffs against China over intellectual-property violations on Thursday, according a person familiar with the matter. The president is considering targeting more than 100 different types of Chinese goods, according to the person, who spoke on the condition of anonymity.