The Indian market is set for a negative opening on Thursday, taking cues from its Asian peers which traded lower on fears of further tension between the United States and China after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies. The arrest is related to violations of US sanctions, a person familiar with the matter said.

Investor sentiment may remain largely mixed after the Reserve Bank of India (RBI) kept the key policy rates unchanged in its fifth bi-monthly policy announced on Wednesday.

At 07:10 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.91 percent at 10,734.50, indicating a weak opening for the Indian market.

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