Indian stock markets poised for negative opening tracking global cues

Indian benchmark indices are likely to open on a negative note as GIFT Nifty signaled a muted opening following lower trading across Asian markets.

On Wednesday, the Sensex fell 429.11 points or 0.59% to close at 72,638.70, while the Nifty declined 173.05 points or 0.76% to settle at 22,603.05.

The domestic decline was triggered after the Reserve Bank of India raised its key policy rate for the first time in nearly four years.