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Benchmark share indices are likely to open higher on Thursday led by financials but further gains are likely to be capped as profit taking may emerge at higher levels.
At 8:20AM Indian Standard Time the SGX Nifty was up 25 points 0.4 per cent at 5,855.
Indian financial markets were closed on Wednesday, on account of Gandhi Jayanti.
Key US share indices ended lower on Wednesday as the federal government shutdown continued for the second day while weaker-than-expected private-sector job growth report also weighed on investor sentiment.
The Dow Jones industrial average ended down 59 points, or 0.4%, to end at 15,133. The Standard & Poor's 500 Index closed 1 points, or 0.1%, at 1,694. The Nasdaq Composite Index closed 3 points, or 0.1%, at 3,815.
Shares in Europe also closed lower on Wednesday amid rising concerns over the US federal government shutdown. The CAC-40, DAx and FTSE-100 ended down 0.3-0.9% eac
STOCKS TO WATCH
Cement companies will also be in action following the announcement of their September dispatch numbers.
Bharti Airtel may be under pressure as Qualcomm, which has sold its stake in Wireless Business Services to Bharti Airtel, may face regulatory hurdles.
Ashok Leyland may witness profit taking after the Hinduja Group firm on Wednesday reported a 31.9 per cent decline in sales at 7,232 units for September.
Bajaj Auto may see some action after the two-wheeler major on Wednesday reported 2.71 per cent rise in motorcycle sales at 3,23,879 units in September.
Tata Communications may see some action amid reports that the company plans to enter into a a partnership with UAE's telecom giant Etisalat to build a multi-service regional network infrastructure accessed from Etisalat'sSmartHub facility in the UAE.
Tea stocks may see some pressure as higher crop due to favourable weather conditions has led to a fall in prices.
