India’s Nifty and Sensex eye a subdued start on Thursday, following an upbeat close on Wednesday.

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• India’s Nifty and Sensex eye a subdued start on Thursday, following an upbeat close on Wednesday.
• Nifty and Sensex cheered positive European equities and softer Indian WPI inflation data.
• Nifty and Sensex traders gear up for India’s trade data and a fresh batch of US statistics.

The Sensex 30 and Nifty 50, India’s key benchmark indices, are set to open on a flat to lower side this Thursday, after a positive close on Wednesday. Gift Nifty, rebranded from SGX Nifty, is trading 0.05% lower on the day, suggesting a muted open for Nifty and Sensex.

The Indian indices defied the early bearish sentiment, tracking the advance in their European counterparts amid a recovery in risk sentiment while softer India’s Wholesale Price Index (WPI) inflation data also added to the renewed optimism.

The National Stock Exchange (NSE) Nifty 50 index finished Wednesday at 21,840 while the Bombay Stock Exchange (BSE) Sensex 30 settled at 71,833. Both indices gained roughly 0.40% on the day.

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