Indian stock market benchmark indices, Sensex and Nifty 50, are likely to see a muted opening on Thursday, tracking mixed cues from global markets.The trends on Gift Nifty also indicate a weak start for the Indian benchmark index.

At a time when the Nifty 50 has hit a 5-month low and is off 10% from its record high, the market yet again started the trading session of November 14 with minor cuts, even as the shares of Eicher Motors gained more than 6% in early trade.

With Trumps win to US election 2024, higher yields and inflation expectations are sapping scope for Fed in rate cuts, and thus Peoples Bank of China (PBOC) is expected to ease its policy stance ahead.

Indian stock markets opened slightly lower on Thursday, continuing a downward trend driven by corporate earnings downgrades, higher inflation, and foreign fund outflows. Analysts suggest the downturn might persist until February,

Technically, the index on a daily scale has formed a Doji candle near its 200-Days exponential moving average (DEMA) support indicating uncertainty. The 200-DEMA is placed around 23,540.

Benchmark Indian equity indices BSE Sensex and Nifty 50 opened slightly higher on Thursday, amid mixed global cues.