The Indian market is expected to start on a weak note on Thursday tracking subdued global cues.

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Here is what you need to know before the market opens:

Asia: Stocks are trading lower with Japan’s Nikkei falling by over a percent or 250 points tracking Wall Street losses. The Singapore-traded SGX Nifty traded at levels around 11,380, indicating a negative opening on Dalal Street.

US markets: The Dow Jones Industrial Average fell 137.51 points to 25,162.41, the S&P 500 lost 21.59 points to 2,818.37 and the Nasdaq Composite dropped 96.78 points to 7,774.12.

Brent crude: Oil prices plunged on Wednesday after the government data showed a surprise big jump in stockpiles of US crude. US WTI settled down $2.03 a barrel, or 3 percent, at $65.01, it's lowest closing prices since June 6. Benchmark Brent crude oil fell $1.68, or 2.3 percent, at $70.76.

Dollar index: The dollar index against a basket of six major currencies stood at 96.756 after rising to a 13-month high of 96.984 the previous day, Reuters reported. The dollar was down 0.2 percent at 110.555 yen, the euro slipped 0.2 percent to 125.38 yen.

Market at close: The Sensex ended 207.10 points higher at 37,852 on Tuesday. The gauge had lost 379.47 points in the previous two sessions. The NSE Nifty 50, after touching a high of 11,452.45, ended 79.35 points higher at 11,435.10.

Rupee: The Indian rupee settled at 69.90 on Tuesday. It hit 70 to the dollar for the first time on Tuesday, falling 15 paise intraday due to sharp depreciation in Turkish lira. The rupee has fallen more than 9 percent year-to-date and around 2 percent in August.

FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 378.84 crore while domestic institutional investors bought shares worth Rs 391.47 crore in the Indian equity market on Tuesday.

Tackling rupee volatility: Union Minister Arun Jaitley has said India has comfortable foreign exchange reserves to deal with any undue volatility in the currency market and developments are being closely monitored.

NPAs: As part of its effort to contain rising non-performing assets (NPAs), the RBI has started scrutiny of 200 large accounts to assess level of stress and provisioning done against them by respective banks, PTI reported.

Japan trade data: Exports rose 3.9 percent in July from a year earlier, Reuters quoted Ministry of Finance data. Japan's imports rose 14.6 percent, while the trade balance came to a deficit of 231.2 billion yen ($2.1 billion).

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First Published:Aug 16, 2018 7:41 AM IST