The Indian equity market is likely to open lower today as SGX Nifty was trading 102 points lower at 17,454.
The Singapore Stock Exchange is considered to be the first indication of the opening of the Indian market.
Benchmark indices ended lower on Wednesday after investors booked profit amid concerns over inflation and supply constraints.
Despite a strong start, Sensex fell 304.48 points to close at 57,684.82
Nifty dipped 69.85 points or 0.4 per cent to finish at 17,245.65.
HDFC was the top Sensex loser, falling 2.36 per cent followed by Kotak Mahindra Bank, HDFC Bank, Bharti Airtel, Sun Pharma, Maruti Suzuki India, Mahindra & Mahindra and Asian Paints.
Edible oil major Ruchi Soya Industries has raised Rs 1,290 crore from anchor investors, including major foreign investors, ahead of its follow-on public offer (FPO).