Indian markets are likely to open negative tracking global indices and SGX Nifty.

U.S. Stocks came under pressure in lateday trading following the Federal Reserves announcement of its latest monetary policy decision. The major averages pulled back firmly into negative territory with the Dow falling to its lowest closing level in a month. The Dow Jones fell by 0.7 percent to 23924 and the Nasdaq ended down by 0.4 percent to 7100.

U.K. stocks stock market is higher today and looks on course to end on a positive note for the fourth successive session. The FTSE 100 was up by 0.3% to end at 7520.

On domestic front Indian shares start on a strong note on the back of some hectic buying in automobile stocks thanks to buoyant sales data the Indian stock market ended flat during the last trading session. The BSE Sensex ended flat at 35176.

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