Sensex, Nifty likely to open weak; ICICI Pru, Indiabulls Housing, Yes Bank in focus

The Indian stock market is set for a weak start on Thursday ahead of the April F&O expiry as well as a slip in the early Asian trades. Asian shares fell after a surprise deterioration in German business morale rekindled fears of slowing global growth.

Oil prices fell as record US output and rising crude stockpiles dampened the impact on markets of tighter US sanctions on Iran and producer club OPEC's continued curbs on supply.

On Wednesday, The BSE Sensex settled at 39,054, up 490 points, while the broader NSE Nifty50 ended at 11,726, adding 150 points.

At 07:00 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.23 percent at 11,709.50, indicating a weak start for the Sensex and Nifty.

Stocks in focus: ICICI Prudential, Indiabulls Housing, Yes Bank.