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The Nifty50 is likely to open flat on Thursday following muted trend seen in other Asian markets. The index closed 60 points higher at 11,450 on Wednesday.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 4.5 points or 0.04 percent. Nifty futures were trading around 10,473-level on the Singaporean Exchange.
The S&P 500 closed slightly lower on Wednesday as falling crude prices and trade jitters held markets in check. The Nasdaq posted its seventh consecutive daily advance, while the Dow was down marginally, said a Reuters report.Asia traded mixed on Thursday morning after the US market was mostly little changed overnight following new Chinese tariffs on American goods, it said.
The ASX 200 was up 0.15 percent in early trade. Japan's Nikkei 225 dropped 0.54 percent and the Topix index was down 0.55 percent.
China is slapping additional import tariffs of 25 percent on USD 16 billion worth of US goods ranging from oil and steel products to autos and medical equipment, the commerce ministry said, as the world's two largest economies escalate their trade dispute.
On the earnings front, as many as 241 companies will be reporting their results for the quarter ended June later today which include names like AIA Engineering, Bajaj Electricals, Bhushan Steel, Bharat Forge, EIL, Jet Airways, Jindal Steel & Power, MRF, Venky’s India, Zee Learn, etc.
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