Indian shares opened lower on Thursday due to weak global cues and on eve of monthly F&O expiry.

Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from global markets overnight, as bond yields continued to spike amid uncertainty about the US Fed's interest-rate moves ahead of key inflation data later in the week. Asian Markets closed mostly lower on Wednesday.

Indian shares are seen opening lower on Thursday amid a sell-off in the U.S. bond market and investor anxiety ahead of the general election results, due next week.

Extending the losses in the previous two sessions, the Japanese market is sharply lower on Thursday, following the broadly negative cues from global markets overnight. The Nikkei 225 is plunging well below the 37,000 mark, with weakness across most sectors led by index heavyweights and technology stocks.

The Thai stock market has moved lower in consecutive trading days, stumbling more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,350-point plateau and it's expected to extend its losses on Thursday.

The FTSE 100 tumbled Tuesday as bids for two major companies neared a deadline. Foreign investors are snapping up discounted stocks.

Wednesday saw the dollar rise as the Fed might delay rate cuts. The Aussie dollar stayed flat after strong inflation data.

Tuesday saw the dollar weaken slightly amid a rising risk appetite, holding steady in Asia with minimal currency movement.

The AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Accelerating German inflation supports the euro on the downturn