 | « Back to article | Print this article |
Markets ended with losses following the expiry of April derivative contracts with the benchmark indices closing at 3-week low tracking a sell off in global stocks after Bank of Japan trimmed GDP growth forecast to 1.2% from 1.5% earlier for 2016-17.
Further, the central bank also failed to enthuse investors by deciding against any fresh market stimulus.
The central bank kept its monetary policy steady keeping the negative interest rate unchanged.
Besides, the US Federal Reserve kept interest rates unchanged on Wednesday but signalled confidence in the US economic outlook, leaving the door open to a hike in June.