Market may open lower

The Indian benchmark indices on Wednesday started the session on a listless note but managed to eke out some gains by end of the trading session, as sentiments got a boost after the report that inflation based on the wholesale price index (WPI) slipped to a five-month low of 2.17 percent in May. PSU banks also gained transaction in the afternoon trading session. To end with, the NSE's 50-share broadly followed index Nifty and gained 11 points to settle a tad above its psychological 9,600 mark, while Bombay Stock Exchange's Sensitive Index-Sensex closed above 31,100 mark.

The European markets finished mostly lower on Wednesday. The DAX of Germany climbed 0.32 percent, but the CAC 40 of France fell 0.35 percent. The FTSE 100 of the U.K. declined 0.35 percent.  

U.S Stocks showed a lack of direction throughout much of the trading session on Wednesday before ending the session mixed. The Dow closed the session at record levels. The Dow Jones Industrial Average rose 46 points to 21,375. The S&P 500 declined 2 points to finish at 2,438. The Nasdaq Composite Index slipped 25 points to close at 6,195. The U.S Federal Reserve hiked the Fed fund rate by a 25 basis point along expected lines. The enhanced rate now stands between 1 and 1.25%. Fed has also guided for one more rate hike this year.
 
Asian shares languish in early trade on Thursday. Japan’s Nikkei 225 has shed 86 points; Hong Kong’s Hang Seng has lost 238 points, while China’s Shanghai Composite has slipped 9 points.

At 8:00 am, SGX Nifty Index trading with loss of 34 points at 9,608, indicating a negative start for Indian indices.