Global cues, meanwhile, are in the negative with Wall Street failing to extend a rally in global market. Its major indices closed down more than 1 percent.
The Indian equity market is expected to open in the red today with the SGX Nifty, an indicator of the market opening, trading at 7736, 86 points lower at 7:40. The Dalal Street saw strong gains on Wednesday with the Nifty reclaiming 7,800 mark. The Sensex was up 401.71 points or 1.6 percent at 25719.58 and the Nifty gained 130.35 points or 1.7 percent at 7818.60.
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