The BSE Sensex and NSE Nifty are likely to open in green on Thursday tracking SGX Nifty and firm Asian markets.
At 8.23 am (IST), SGX Nifty was up 28 points, or 0.34 per cent, at 8,154.50.
Asian shares rose on Thursday and the dollar struggled near multi-week lows after weak US economic data added to expectations that the Federal Reserve will delay hiking interest rates. Hang Seng, Nikkei and Shanghai were up 1.18 per cent, 0.77 per cent and 0.71 per cent, respectively.
Back home, disappointing second quarter earnings from blue-chips so far and muted global cues dragged the benchmark BSE Sensex lower for a third consecutive session on Wednesday with a fall of 66.87 points to 26,779.66 following TCS Q2 numbers failed to impress investors.
Foreign portfolio investors bought shares worth a net Rs 121.75 crore on Wednesday, as per provisional data released by the stock exchanges. Domestic institutional investors sold shares worth a net Rs 207.63 crore, as per provisional data.
(With inputs from agencies)