Indian markets are likely to open negative tracking the SGX Nifty global cues.
U.S. markets ended lower Wednesday suffering a late selloff after minutes for March showed Federal Reserve to begin unwinding its gigantic balance sheet before the end of the year. The Dow Jones Industrial Average closed with a loss of 0.2% at 20648. The SP 500 finished down 0.3% at 2353. At first the broader market retreated slightly from intraday highs after the Federal Reserve released minutes from its March meeting noting plans to reduce its 4.5 trillion balance sheet this year and that some Fed members thought stock prices were quite high relative to standard valuation measures.
The FTSE 100 gained 0.13% to close at 7332 after data showed betterthanexpected growth in the service sector. The Markit/CIPS PMI for services sector rose to 55 vs. expectations of 53.5. The London market gained 0.13% to 7332.
The BSE Sensex crossed the 30000 mark for the first time in about 2 years as the

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