India, March 21 -- After closing mixed for two consecutive sessions, stocks are likely to come under pressure in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 96 points.
The downward momentum on Wall Street comes as traders continue to react to the Federal Reserve's monetary policy announcement on Wednesday.
Traders initially reacted positively to the dovish tone of the Fed announcement, with the central bank indicating it no longer expects to raise interest rates this year.
Negative sentiment has crept in since then, however, as investors recognize the Fed's downwardly revised interest rate forecast reflects expectations of slower economic growth....