Pre-session: Sensex likely to open in red on weak global cues: 07/05/2015

Tracking muted cues from Asian peers, the Indian benchmarks are likely to open on bearish note for second day on Thursday. The negative opening of Nifty India stock futures in Singapore further validates the sell-off may continue at Dalal-Street. The investors will keep an eye on the development in the Parliament and hold their position, waiting for clarity on policy front. On the global front, Asian markets were trading lower as weak US and European equity markets weighed on investors sentiment. In the overnight trade, Wall Street ended lower for second day on the US Fed Chair Janet Yellen comment on high valuations, adding to anxiety about future interest rates and a global bond rout.