Sensex, Nifty Likely To Open Lower Today

At 8:39 am, the SGX Nifty futures were down 59.85 points - or 0.61 per cent - at 9,790.30.

Sensex, Nifty Likely To Open Lower Today

The Sensex ended 0.29% lower at 33,507.92 on Wednesday

Domestic stock markets are likely to start Thursday's session on a negative note tracking weakness in global equities, as a spike in coronavirus infections in some US states and China dampened hopes of a quick economic recovery. The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty 50 index - dropped by as much as 75.85 points to 9,774.30 ahead of the opening of Indian markets. At 8:39 am, the SGX Nifty futures were down 59.85 points - or 0.61 per cent - at 9,790.30.

Equities in other Asian markets moved lower, with MSCI's broadest index of Asia Pacific shares outside Japan last seen trading down 0.10 per cent. Japan's Nikkei 225, Hong Kong's Hang Seng and South Korea's KOSPI indices were down 1.01 per cent, 0.47 per cent and 0.61 per cent respectively at the time.

However, China's Shanghai Composite benchmark was up 0.07 per cent.

The E-Mini S&P 500 futures were down 0.75 per cent in early Asian trade, indicating a negative start for the US markets on Thursday. 

On Wednesday, Wall Street ended a choppy session on a negative note, with the S&P 500 benchmark index finishing 0.36 per cent lower.

The Dow Jones Industrial Average closed 0.65 per cent lower, however the technology stocks-heavy Nasdaq Composite rose 0.15 per cent. 

The Sensex ended 97.30 points - or 0.29 per cent - lower at 33,507.92 earlier on Wednesday, and the Nifty settled at 9,881.15, down 32.85 points - or 0.33 per cent - from its previous close.