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Market Outlook:- 

• The market has opened sharply lower on Thursday on global correction post China turmoil. The 30-share BSE Sensex fell 321.31 points or 1.26 percent to 25085.02 and the 50-share NSE Nifty declined 99.55 points or 1.29 percent to 7641.45.
• The Indian rupee opened marginally lower at 66.86 per dollar against previous close of 66.82.
• Netflix Inc launched operations in India on Wednesday, with plans starting at 500 rupees ($7.50) per month, as the U.S.-based video streaming company pushes ahead with its global expansion plans.
• U.S. oil prices edged away from 2009 lows in early trading on Thursday.
• Apple Inc (AAPL.O) shares dropped below $100 for the first time in nearly five months on Wednesday.
• Laurence Balanco, CLSA says the grinding downtrend that has unfolded off the March 2015 high remains dominant feature on Nifty's daily chart.
• The Indian stock market ended notably lower on Wednesday, with investors tracking weak global markets and pressing sales at several counters. There were some notable gainers, including index major Reliance Industries, but the market, which slipped a bit sharply around mid afternoon, never really found sufficient support to get out of the red.
• Worries about near term outlook for the global economy after China came out with yet another disappointing report - this time about its services sector growth - rendered the mood bearish in most of the markets across Asia and Europe. The Chinese market ended higher though, due largely to bargain hunting after the previous session's sharp setback.