The Nifty50 is expected to open lower on Thursday tracking weak handover from Wall Street and muted trend seen in other Asian markets. The Nifty50 closed 15.95 points lower at 10,410 on Wednesday.

Trends on SGX Nifty indicated a negative opening for the broader index in India, which fell 30 points or 0.28 percent. Nifty futures were trading around 10,400-level on the Singaporean Exchange.

US stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for US companies, Reuters reported.

Asian markets edged slightly lower on Thursday, with regional stock indexes recording slight losses after Wall Street declined amid concerns over heightened trade tensions. The Nikkei 225 eased 0.18 percent as the yen firmed. The Kospi slipped 0.12 percent, CNBC reported.