9:09 a.m.: Sensex jumps 103 points to 26,940 and Nifty up 20 points at 8,155 in the pre-market session.
9:00 a.m.: Rupee opens lower at 64.13/dollar against Wednesday's close of 63.89.
Rohit Shrivastva fund manager with Sharekhan says that Nifty can bounce back 50-100 points but overall sentiment is weak and he says that downtrend could last for upto two months and going ahead banking stocks would be the weakest of the lot. Nifty can head towards 7,630 in the near term and one should sell on rise, he adds.
8:30 a.m.: Nifty is likely to open on a flat note in trades on Thursday as indicated by the Nifty which is traded on the Singapore Stock Exchange.
The Nifty which is traded on the Singapore Stock Exchange commonly known as the SGX Nifty was trading 7 points or 0.09 per cent higher at 8,150.
8:00 a.m.: In the last two trading sessions, the Sensex and Nifty have plunged over 3.5 per cent each. The selloff was triggered after the market participants interpreted from the Reserve Bank of India's commentary that going ahead chances of another rate cut in the current calendar year remain bleak as monsoon uncertainty poses upside risk to inflation. The RBI also slashed its growth forecast for FY16 to 7.6 per cent from 7.8 per cent earlier.
Expectations of weak monsoon rains weighed upon the investor sentiment. India's weather department has said that monsoon rains are likely to be 88 per cent of the long period average compared to its earlier projection of 93 per cent. Weak monsoon rains would mean that the agriculture produce will be lesser which would lead to spike in inflation.
Japan's Nikkei and South Korea's Kospi both gained 0.3 per cent, while Australian shares added 0.2 per cent.
MSCI's broadest index of Asia-Pacific shares outside Japan was little changed.
Overnight, U.S. stocks rose on Wednesday, helped by optimism that Greece was close to an agreement to avoid default and as further gains in bond yields lifted financials.
The Dow Jones industrial average rose 64.33 points, or 0.36 per cent, to 18,076.27, the S&P 500 gained 4.47 points, or 0.21 per cent, to 2,114.07 and the Nasdaq Composite added 22.71 points, or 0.45 per cent, to 5,099.23.
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