The Domestic stock market will remain closed on Friday on account of a public holiday while Asian markets remain subdued as caution toward a weekend meeting of oil producers tempered risk sentiment.
US crude oil dipped 4 cents to $41.46 a barrel from its peak of $42 on concerns that the top producers' meeting may not result in tightening of supply.
Nifty India stock futures in Singapore were trading 4 point lower at 7,924. The index gained over 50 points in the previous sessions even though the domestic market remained shut on account of public holiday.
Japan's Nikkei 225 index which was trading 0.34 per cent lower at 16,853 and Hong Kong's Hang Seng index was trading 0.20 per cent lower at 21,310.
China shares remain subdued after data suggested that the world's second-largest economy grew at 6.7 per cent in the first quarter from a year earlier, meeting expectations.
Overnight, US stocks ended marginally higher in muted trading on Thursday, propped up by financial stocks. Bank of America and Wells Fargo posted lower quarterly profits and increased provisions to cover bad loans from their stressed energy portfolios,
Back home, investors will keep a close eye on Infosys results for the quarter ended March 31 which will be out later today.
Infosys, one of India's largest outsourcing firm, is expected to report 1.4 per cent quarter-on-quarter (QoQ) rise in net profit to Rs 3,514 crore for the quarter ended March 31, compared to Rs 3,465 crore reported in the year-ago period.
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