From Nasdaq:

Indian shares may open lower on Thursday due to concerns that the Fed and ECB won’t lower rates as early as previously anticipated. On the bright side, Reserve Bank of India Governor Shaktikanta Das said that India’s economy is likely to hit a record growth rate of 7 percent in the next fiscal year. Inflation is moderating, and the central bank is confident about achieving the 4 percent target soon. Global oil demand is expected to grow over the next two years, while U.S. stocks fell overnight, extending recent losses. European stocks closed notably lower on Wednesday after several ECB officials warned that markets are getting ahead on rate cut expectations.



Read more: Sensex, Nifty Set To Extend Losses As Traders Pare Rate-cut Bets