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

U.S. Stocks staged a significant recovery attempt over the course of the trading day. The major averages pared their losses considerably before ending the session mixed. The Dow Jones ended on a flat note at 23930 and the Nasdaq ended down by 0.2 percent to 7088.

U.K. stocks recovered from early losses to trade marginally higher as higher commodity prices helped lift mining and energy stocks and the pound weakened slightly after the release of disappointing services sector data. The FTSE 100 was up by 0.3% to end at 7553.

On domestic front Indian shares fell modestly tracking weak global markets as the U.S. Federal Reserve signaled further gradual increases in the federal funds rate and investors awaited the outcome of SinoU.S. trade talks. The BSE Sensex ended on a negative of 0.2% at 35103.

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