The market is expected to open mildly higher, tracking positive trend in SGX Nifty futures but there could be volatility amid weak global cues after the US Federal Reserve met expectations by raising interest rate by 25 bps and upped 2019 GDP projections.

The SGX Nifty is indicating a positive opening in the Indian market, rising 16 points 10,194.50.

US stocks ended slightly lower on Wednesday, with major indexes giving up gains in choppy trade after the Federal Reserve raised US interest rates, while a strong gain in the energy space helped limit losses, Reuters reported.

The Dow Jones Industrial Average fell 44.96 points, or 0.18 percent, to end at 24,682.31, the S&P 500 lost 5.01 points, or 0.18 percent, to 2,711.93 and the Nasdaq Composite dropped 19.02 points, or 0.26 percent, to 7,345.29.

Asian markets traded mixed early on Thursday after the US Federal Reserve raised interest rates for the first time this year. Japan's Nikkei 225 edged higher by 0.15 percent although the broader Topix was off by 0.03 percent, CNBC reported.