The BSE Sensex and NSE Nifty likely to open in red tracking SGX Nifty and global markets.
At 8.14 am (IST), SGX Nifty was down 0.56 per cent at 8,458.
Asian peers, Shanghai, Nikkei and Hang Seng were also down 1.84 per cent, 0.67 per cent and 1.51 per cent at 3,724, 20,088 and 22,817, respectively.
Japanese stocks fell for a third day to a three-week low on Thursday morning on worries about China’s economy and Wall Street weakness.
US stocks fell in choppy trading on Wednesday as minutes from the latest Federal Reserve meeting highlighted concern over the state of the global economy, driving markets to question the likelihood that the Fed will raise rates next month.
The minutes showed policymakers continued to express broad concerns about lagging inflation and the weak world economy even as the US job market improved further. Market expectations for a Fed hike in September fell from one in two to roughly one in three after the minutes were published. The Dow Jones industrial average fell 162.61 points, or 0.93 per cent, to 17,348.73, the S&P 500 lost 17.31 points, or 0.83 per cent, to 2,079.61 and the Nasdaq Composite dropped 40.30 points, or 0.8 per cent, to 5,019.05.
On the domestic front, the key benchmark indices BSE Sensex and NSE Nifty closed 100.10 points and 28.60 points higher at 27,931 and 8,495 on Wednesday.
(With inputs from Reuters)