The Indian market is likely to open higher on Thursday amid mixed global cues. In the global markets, Asian shares remained cautious amid expectations from the European Central Bank (ECB) and the US Federal Reserve to ease monetary policy soon.
Indian shares marked their worst losing streak since mid-May on Wednesday after the International Monetary Fund (IMF) cut its annual growth forecast for the country, with losses seen across the board.
The Sensex settled 135 points lower, or 0.36 percent, to close Wednesday's trade at 37,847. The Nifty50 also slipped by nearly 60 points, or 0.53 percent, to trade at 11,271.
At 7:12 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 22.50 points, or 0.20 percent, higher at 11,295 pointing to a marginally higher start for the Sensex and the Nifty 50.
Stocks to watch: Yes Bank, Bharti Airtel, Vodafone Idea, Shriram Transport Finance in focus. Click here to know more.
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