Indian equities will resume trading on Thursday after the mid-week holiday but the bulls will not be happy looking at how three out of the last four trading sessions have panned out.

If pressure at higher levels was not enough, Indian equities now have to contend with two days of global market action, one of which wiped out $500 billion in just semiconductor stocks across the globe on concerns of stretched valuations. The bulls will be relieved as there was no extension of the sell-off on Wednesday on Wall Street and indices saw a small rebound.

Thursday will also be the first weekly expiry of the Sensex contracts for the November series. The market will also have to react to a host of results that were reported after market hours on Tuesday and over the course of Wednesday's holiday.

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