Indian shares look set to open higher on Thursday, tracking firm cues from global markets and ahead of key earnings results from prominent companies such as Biocon, Yes Bank and UltraTech Cements.
Growth optimism may prevail after a UN report said that India will continue to remain the world's fastest-growing large economy in 2019 as well as in 2020, much ahead of China.
Separately, Crisil Ratings said pegged India's GDP growth at 7.2 percent in the current financial year, up from 6.7 percent in 2017-18.
Meanwhile, Piyush Goyal has been named the interim Finance Minister and interim Minister of Corporate Affairs during Arun Jaitley's indisposition as Jaitley is expected to undergo surgery.
Benchmark indexes Sensex and the Nifty dropped around 0.9 percent and 0.8 percent, respectively on Wednesday after ITC's Q3 earnings failed to impress market participants.
The rupee settled higher by 11 paise at 71.33 per dollar, snapping its three-day losing streak.
Asian shares remain broadly higher this morning after U.S. President Donald Trump said on Wednesday that the United States was doing well in trade talks with China. The dollar weakened against the yen ahead of the ECB policy meeting while oil prices extended their slide from Wednesday.
Overnight, U.S. stocks fluctuated before ending higher, reflecting positive reaction to quarterly results from the likes of IBM, United Technologies and Procter & Gamble.
The Dow rose 0.7 percent, the tech-heavy Nasdaq Composite inched up 0.1 percent and the S&P 500 added 0.2 percent.
European markets ended Wednesday's session in the red amid concerns about global growth, the U.S. government shutdown and uncertainty over Brexit as well as U.S.-China trade talks.
The pan European Stoxx 600 index slipped 0.1 percent. The German DAX and France's CAC 40 index slid around 0.2 percent while the U.K.'s FTSE 100 declined 0.9 percent.
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