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The Indian markets may drift lower at open on Thursday, tracking weak Asian cues and amid lack of cues from the U.S. and European markets.

The local markets swung between gains and losses before closing marginally lower on Wednesday. The benchmark Sensex moved in a narrow range before closing down 30.20 points or 0.14 percent at 21,140.48, while the Nifty index ended largely unchanged at 6,301.65.

SGX CNX Nifty (NIFTY) Index futures for January delivery rose 0.3 percent to 6,369 at 9:27 a.m. in Singapore. The underlying CNX Nifty Index fell less than 0.1 percent to 6,301.65 yesterday. The S&P BSE Sensex fell 0.1 percent to 21,140.48.

Nifty January 2014 futures were at 6359, at a premium of 57.35 points over spot closing of 6301.65. Turnover on NSE's futures & options (F&O) segment declined to Rs 33665.04 crore from Rs 52254.91 crore on Tuesday, 31 December 2013.

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