The Sensex and Nifty indices are likely to open on weak ground Thursday after gaining for four days. Downbeat global cues and a sharp decline in the rupee may keep the sentiment subdued.
At 07:30 am, the SGX Nifty quoted at 17390, indicating an opening loss of 100 points on the Nifty index.
In the US, equities declined up to 0.85 per cent as the 10-year bond yield touched 4.136 per cent intra-day, the highest level since July 23, 2008.
All Asian indices also traded lower this morning with the Nikkei and Kospi down 1.2 per cent each.
That said,