The Indian equity indices are poised to commence trading on Thursday with a cautious outlook, mirroring the heavy selloff witnessed in the preceding session and influenced by mixed global market cues.
While Asian markets remained subdued, the US stock indices concluded the previous session with a mixed performance as investors awaited the release of key data on inflation and consumer health, seeking insights into the trajectory of the US Federal Reserve’s policy.
Market participants will closely monitor the release of India’s wholesale inflation data and the US producer price data scheduled for today, which are expected to provide further guidance on market direction.
In Wednesday’s trading session, the Indian stock market indices experienced a significant downturn, with a decline of over one percent driven by widespread selling across sectors. The mid and small-cap segments notably bore the brunt of the selling pressure.
The Sensex, representing the benchmark index, witnessed a substantial drop of 906.07 points, equivalent to a decline of 1.23%, settling at 72,761.89. Similarly, the broader Nifty 50 index concluded the session lower by 338.00 points, representing a decline of 1.51%, to close at 21,997.70.
Investors remain vigilant amid ongoing market volatility, assessing domestic and global factors to navigate uncertainties and make informed investment decisions in the current market environment.
