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The S&P BSE Sensex plunged over 100 points in morning trade on Thursday, led by losses in ITC, HDFC, Tata Motors, ONGC, and HDFC Bank.The Nifty50 slipped below its crucial psychological level of 7,900, weighed down by losses in capital goods, metal, oil & gas, power and auto stocks. The shares of Just Dial slipped over 3 per cent in early trade ahead of its buy-back offer to shareholders. Bhusan Steel surged over 11 per cent after the company said it is in the process of getting Rs 3,000 crore from sale and lease-back arrangements for two of its assets, oxygen and coke oven plants, in Odisha.
Asian stocks slipped and the dollar advanced on Thursday after hawkish comments from Federal Reserve Chair Janet Yellen reinforced the case for an interest rate hike later this month.
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