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Indian equity markets are likely to open lower on Thursday, weighed down by renewed concerns over potential changes to US H-1B visa rules. Persistent foreign outflows are also denting investor sentiment, overshadowing expectations of a consumption-led boost from GST reforms and the ongoing festive season.

At 08:10 AM, GIFT Nifty futures were trading 44.5 points lower at 25,075, indicating a weak start for benchmark indices.

Across Asia, markets opened mixed as investors digested another round of tech-led sell-offs on Wall Street. Japan’s Nikkei 225 was down 0.1 per cent, while South Korea’s KOSPI slipped 0.25 per cent.

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On Wall Street, major indices closed lower for the second straight session on Wednesday after Federal Reserve Chair Jerome Powell flagged possibly overvalued stock prices ahead of a key inflation report later this week. The Nasdaq Composite fell 0.33 per cent, the S&P 500 eased 0.28 per cent, and the Dow Jones Industrial Average dropped 0.37 per cent.

IPO Corner

Mainboard IPOs:

Opening Today: Jinkushal Industries, Trualt Bioenergy

Second Day of Subscription: Jain Resource Recycling, BMW Ventures, Epack Prefab Technologies

Closing Today: Seshaasai Technologies, Jaro Institute of Technology Management & Research, Anand Rathi Share & Stock Brokers, Solarworld Energy Solutions

Listing Today: Ivalue Infosolutions

SME IPOs:

Opening Today: Bhavik Enterprises, Chatterbox Technologies, Gujarat Peanut & Agri Products, Earkart, Telge Projects; Praruh Technologies, Gurunanak Agriculture India, Justo Realfintech, Systematic Industries

Closing Today: BharatRohan Airborne Innovations, Aptus Pharma, True Colors, Matrix Geo Solutions, NSB BPO Solutions, Ecoline Exim

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.