Indian markets are likely to open negative tracking global indices and SGX Nifty.
The US markets climbed off their worst levels of the day but still ended Thursdays trading firmly in negative territory. With the drop on the day the major US averages pulled back off the record closing highs set in the previous session. The Dow fell 0.4 percent to 23462 the Nasdaq slid 0.6 percent to 6750 and the SP 500 dropped 0.4 percent to 2585. The weakness on Wall Street came as traders reacted to reports regarding the Senate version of tax reform legislation.
The UK shares were subdued on Thursday as US tax reform worries and simmering Middle East tensions kept traders on tenterhooks. Also Brexit negotiations are set to resume in Brussels today as the European Union and Britain seek to move forward on several key issues. The benchmark FTSE 100 closed at 7484 down 0.6 percent.
Indian shares ended Thursdays session marginally higher after suffering heavy losses in the previous two sessions

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