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Sensex, Nifty Set For Lower Open

Indian shares may open a tad lower on Thursday after private sector lender Yes Bank reported a 91 percent drop in fiscal-first quarter profit on account of higher provisioning and lower other income.

Mindtree's profit for the June quarter halved and its margin narrowed owing to increased employee costs while IT major Wipro posted a 12.5 percent rise in consolidated net profit for the quarter ended June.

Benchmark indexes Sensex and the Nifty rose around 0.2 percent on Wednesday to extend gains for the third straight session while the rupee fell by 11 paise to close at 68.82 against the greenback.

Asian markets wobbled this morning after media reports suggested that progress toward a U.S.-China trade deal has stalled.

The dollar weakened in reaction to a drop in U.S. Treasury yields while oil extended declines into a fourth day after U.S. government data showed large builds in refined product stockpiles.

U.S. stocks fell overnight, with weak results from CSX Corp and disappointing housing data weighing on markets.

The Dow Jones Industrial Average dropped 0.4 percent, the tech-heavy Nasdaq Composite shed half a percent and the S&P 500 declined 0.7 percent.

European markets ended Wednesday's session lower after U.S. President Trump said the U.S. and China still have a "long way to go" on trade.

The pan European Stoxx 600 eased 0.4 percent. The German DAX gave up 0.7 percent, France's CAC 40 index lost 0.8 percent and the U.K.'s FTSE 100 declined 0.6 percent.

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