Stock markets likely to open negative

Domestic equity markets are likely to open in red on Thursday tracking SGX Nifty on the Singapore Stock Exchange.

At 8.24 am (IST), SGX Nifty was trading 0.11 per cent lower than its previous close.

Asian markets were mixed, Nikkei 225 index and Shanghai were up 0.78 per cent and 0.31 per cent at 20,774.90 and 3,709.18, respectively. Hang Seng was trading 0.47 per cent down at 24,399.99.

The S&P 500 and Nasdaq Composite rose on Wednesday following three days of losses as tech shares advanced, while the blue-chip Dow index ticked lower, weighed by Disney’s largest daily drop in almost seven years.

On Wednesday, the key benchmark index BSE Sensex gained 151 points, or 0.54 per cent, to 28,223.08. The NSE Nifty index also gained 51.05 points, or 0.60 per cent, to 8,567.95.

Fortis, Bombay Dyeing, Tata Global, Arvind, KEI, Escorts, SRF, Trent, TVS Electronics, Talwalkars, Polaris, Banco India, Cummins India, Motherson Sumi, Rupa and Bajaj Electricals may announce their earnings on Thursday.