Indian markets are likely to open negative tracking SGX Nifty and global indices.
In the US markets stocks saw considerable weakness during trading on Thursday.
With the drop on the day the Nasdaq and the SP 500 fell to their lowest closing
levels in over a month. The major averages ended the day firmly in negative
territory. The Dow slid 0.7 percent to 21320 the Nasdaq tumbled 1 percent to
6089 and the SP 500 slumped 0.9 percent to 2410. The weakness on Wall Street
came following the release of a report from payroll processor ADP showing weaker
than expected private sector job growth in the month of June.
The UK stocks declined on Thursday in line with a selloff in global equity markets
as the European Central Bank added to signals that central banks in major
economies are on the path toward tighter monetary policy. The FTSE 100 shed 0.4%
to close at 7337 with only the financial and oil and gas sectors moving higher.
On the domestic turf benchmark indices sett

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