Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. stocks ended mostly higher on Friday with the SP 500 and the NASDAQ erasing an early decline to end higher as investors viewed the reaction to announcements of tariffs as overdone. The Dow however fell for a fourth straight session and major indexes suffered sharp weekly losses. The SPX rose 0.51% to end at 2691. The NASDAQ gained 1.08% to close at 7258. The Dow fell 0.29% to finish at 24538.
U.K. index FTSE 100 finished at their lowest in more than a year Friday keying off losses kicked off on Wall Street by fears that new U.S. tariffs on steel and aluminum imports will spark a global trade war. The FTSE 100 sank 1.47% sank to end at 7070.
Indian stock markets remained closed today on account of Holi. Indian indexes Sensex and the Nifty dropped 0.4% and 0.3% respectively on Thursday to extend losses for a third straight session as Fed rate hike worries overshadowed upbeat core sector a

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