The BSE Sensex and NSE Nifty are likely to open flat with negative bias on Thursday tracking SGX Nifty and global markets. (Express Photo)
The BSE Sensex and NSE Nifty are likely to open flat with negative bias on Thursday tracking SGX Nifty and global markets.
At 8.30 am (IST), SGX Nifty was down 6 points, or 0.07 per cent at 8,060.
Asian shares stumbled on Thursday after Federal Reserve Chair Janet Yellen said a December interest rate hike in the United States is a “live possibility”, sending short-term US bond yields to 4-1/2-year highs and pushing the dollar broadly up.
Wall Street shares also slipped on Wednesday, with S&P 500 Index falling 0.4 percent from a three-month high touched on Tuesday, driven by losses in the energy sector after a fall in oil prices.
Back home, key bechmark indices erased their initial gains in the last 30 minutes of trade and closed in red on Wednesday. The BSE Sensex closed 37.67 points down at 26,552.92 while NSE Nifty closed 20.50 points down at 8,040.20.
Companies like KEI, Allcargo Logistics, Jubilant Food, JBF Ind, Alembic Ltd, Aban, Amrutanjan, Cummins Ind, Sona steer, Gujarat gas, Nitin Spin, Tata Steel, Tata Global and Sunil Hitech may announce their earnings on Thursday.
Shares of Bata India and Ashok Leyland will remain in focus on Thursday as they announced their Q2 results on Wednesday post market hours. Footwear major Bata India reported a 38.74 per cent rise in net profit at Rs 54.11 crore for the second quarter ended September 30.
Hinduja group flagship firm Ashok Leyland on Thursday reported over two-fold rise in net profit at Rs 287 crore for the second quarter ended September 30, 2015.
(With inputs from agencies)
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