Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. stocks moved sharply lower over the course of the trading session as trade war concerns once again resurfaced. After closing higher for three straight days the major averages showed a substantial move back to the downside. The Dow Jones closes down by 2.3% to close at 23932. The NASDAQ ended down by 2.3% to close at 6915.
U.K. stocks opened on a subdued note after U.S. President Donald Trump vowed an additional 100 billion in titfortat tariffs on Chinese imports dashing hopes for a cooling of trade tensions. The FTSE 100 was down by 0.2% to end at 7189.
On domestic front Indian shares ended a lackluster session on a flat note as fears of a global trade war persisted and investors exercised some caution after strong gains in the previous session. The BSE Sensex ended up by 0.1% at 33626.
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