269: Sensex, Nifty likely to open lower; DHFL, Wipro, Tata Motors, Aurobindo Pharma in focus

MarketBuzz

Indian benchmark indices are likely to open lower on Thursday amid muted trades in Asian markets over concerns of escalating US trade disputes with Mexico and China.

Investors in India will remain cautious in early trading ahead of the Reserve Bank of India’s monetary policy decision due to be announced at 11:45 AM today.

All economists on the CNBC-TV18 panel unanimously voted for a 25 basis points rate cut and four of the five members expect the RBI to keep a 'neutral' stance.

On Tuesday, markets took a breather a day after benchmark indices, the BSE Sensex and the NSE Nifty50, scaled fresh record highs. At closing, the BSE Sensex was at 40,083.54, down 184.08 points, or 0.46 percent and Nifty50 at 12,021.65, down 66.90 points, or 0.55 percent. Markets were shut on Wednesday on the occasion of Eid al-Fitr.

At 7.10 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 30.50 points, or 0.25 percent, lower at 12,050.50, indicating a negative start for the Sensex and the Nifty 50.

Stocks to watch: DHFL, Wipro, Tata Motors, Aurobindo Pharma in focus