The Nifty50 is likely to open lower on Thursday following muted trend seen in other Asian markets. The Nifty closed 13 points higher at 10,856.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 34.5 points or 0.32 percent. Nifty futures were trading around 10,810-level on the Singaporean Exchange.

US stocks ended a choppy session lower on Wednesday after the US Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes this year, said a Reuters report.

The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the US central bank’s shift from policies used to battle the 2007-2009 financial crisis and recession.

Asian shares edged down after the Federal Reserve rate hike while concerns about US-China trade frictions kept investors on edge. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.25 percent in early trade.

South Korea's KOSPI was off 0.9 percent, while Australia's market slipped 0.2 percent. Japan's Nikkei shed 0.7 percent.