Domestic equity markets gained over 1.50 per cent on Wednesday on the back of positive feelers from global markets and a slew of reforms. (Photo: PTI)
The BSE Sensex and NSE Nifty are likely to open in red on Thursday tracking SGX Nifty and global markets.
At 8.19 am (IST), SGX Nifty was down 76 points, or 0.98 per cent, at 7,746.
Asian stocks fell on Thursday after US stocks retreated overnight and as Japan machinery orders unexpectedly shrank, deflating investors’ appetite for riskier assets.
Nikkei, Hang Seng and Shanghai were down 2.82 per cent, 2.37 per cent and 0.79 per cent at 18241.60, 21607.54 and 3214.58, respectively.
US stocks rose early on Wednesday on hopes of more stimulus measures in China but retreated later in the session amid declines in shares of Apple and energy stocks, which were dragged down by plunging oil prices. The S&P 500 ended down 1.39 per cent at 1,942. Dow Jones Industrial Average index plunged 1.45 per cent at 16,253.57.
Back home, domestic equity markets gained over 1.50 per cent on Wednesday on the back of positive feelers from global markets and a slew of reforms.
With inputs from the agency
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