The BSE Sensex and NSE Nifty are likely to open on a flat-to-cautious note on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
At 8.03 am (IST), SGX Nifty was down 2 points at 8515.
Asian markets held near eight-month high on Thursday as investors bet the Bank of England will cut rates in a pre-emptive strike to ward off a recession following the country’s decision to leave the European Union.
On Wall Street, Dow Jones Industrial Average index gained 24.45 points to 18,372.12; the S&P 500 inched up 0.29 points to 2,152.43 and the Nasdaq Composite fell by 17.09 points to 5,005.73.
The 30-share Sensex on Wednesday ended almost unchanged as it closed in the green for the third consecutive day amid foreign inflows and rising global indices. The index closed 7.04 points up at 27,815.18.
Stocks in focus
Shares of Tata Consultancy Services (TCS) will remain in focus today as the IT major will announce its earning figures for the first quarter ended June 30, 2016 later in the day.
Reliance Industrial Infrastructure Limited today said its standalone net profit declined by 32 per cent to Rs 3.02 crore in the three-month period ended June 30, 2016.