Key indices may decline in early trade

Key benchmark indices gained for the fourth straight day on Wednesday after RBI kept repo rate unchanged and the reverse repo rate will remain at 5.75%. The market breadth indicating the overall health of the market was positive. At the closing bell, Nifty 50 surged 55 points to finish at 9,915 and the BSE Sensex climbed 174 points to close at 31,672.
 
The European market witnessed a mixed performance on Wednesday. The German DAX gained 0.50%. On the other hand, the French CAC 40 Index lost 0.08% and the FTSE 100 of the UK closed just below the neutral line.
 
US stocks indices ended Wednesday’s session with modest gains and logged new record closing highs. The Dow Jones Industrial Average rose 20 points to close at 22,662. The Nasdaq Composite Index added 3 points to finish at 6,535 and the S&P 500 climbed 3 points to 2,538.
 
Asian stock markets were trading lacklustre in early trade on Thursday with the Japan’s Nikkei 225 has rose 6 points. The China’s Shanghai Composite and Hong Kong’s market were closed for a public holiday.
 
Indian markets may edge lower in the early trade. Trading on Nifty futures on the Singapore Exchange indicates that Nifty could open at 9,924 with loss of 23 points at the opening bell.