Pre-market: Nifty seen opening lower on weak global cues

The 50-share Nifty index is expected to open lower on Thursday tracking weak global cues. The markets will also react to inflation numbers which eased marginally in the month of October. Inflation declined marginally to 7.45 per cent in October even though prices of food items like rice, wheat pulses and potato showed a rise, according to data released on Wednesday. At 07:30 a.m., Nifty India stock futures in Singapore were down 47.50 point at 5,657.50, indicating a lower opening on the domestic market. The Dow Jones industrial average fell 185.23 points, or 1.45 per cent, to 12,570.95 at the close. The S&P 500 dropped 19.04 points, or 1.39 per cent, to 1,355.49. The Nasdaq Composite lost 37.08 points, or 1.29 per cent, to 2,846.81.