The US central bank promised to keep interest rates low for a longer period, but Thursday’s session on the domestic stock markets fell, with global stock markets declining to stop offering lower on incentives to boost the world’s largest economy. Started The S&P BSE Sensex index opened 182.21 points – or 0.46 percent – at 39,120.64, and the broader NSE Nifty 50 benchmark started the day at 11,539.40, 65.15 points or 0.56 percent – from the previous close.
MSCI’s largest index of Asia-Pacific shares outside Japan is running out of steam after five days of straight gains, with a drop of 0.82 percent. Japan’s Nikkei 225 benchmark dropped 0.45 percent.
E-mini S&P 500 futures fell 0.87 percent in early Asian trade, indicating a negative start for US markets on Thursday, a day after the benchmark S&P 500 index closed 0.46 percent lower.
The Federal Reserve said it would keep interest rates close to zero until inflation “briefly” exceeds the central bank’s “2 percent inflation target” for some time.
This was the last major policy decision by the US central bank before the November 3 presidential election in the US.