The Sensex is down mere 6 points at 41,317 and the Nifty is down 3 points at 12,125. About 883 shares have advanced, 640 shares declined, and 581 shares are unchanged.
The capital, money and bond markets will remain shut on Friday for Mahashivratri.
IndusInd Bank, Hero MotoCorp, UPL, Infratel and Yes Bank are among major gainers on the Nifty50, while losers are Kotak Mahindra Bank, Vedanta, JSW Steel and Tata Steel.
India VIX is fractionally lower by 0.62% at 13.93.
The most active stocks on the NSE are IRCTC, Max Financial, IndusInd Bank and Aurobindo.
The Indian rupee slipped by 23 paise at 71.79 per dollar vs. Tuesday close of 71.56/$.
Asian markets were trading flat after opening on a positive note on Thursday’s trading session. The Nikkei 225 jumped ~1% as shares of index heavyweight and conglomerate Softbank Group soared 3.92%. The Topix index advanced 1.03%, South Korea’s Kospi is marginally lower and Shanghai Composite up about 0.6%.
The People’s Bank of China announced a reduction in the lending benchmark rate Thursday. The 1-year LPR was reduced by 10bps, while the 5-year LPR saw a 5 bps deduction.
Meanwhile, more than 2,100 people have died from the coronavirus in China, spreading to more than two dozen countries, and governments around the world are trying to prevent it from becoming a global pandemic.