Indian markets are likely to open negative tracking global indices and SGX Nifty.

The US stocks ended mostly lower Thursday as the relentless surge in coronavirus cases across America raised fears of another lockdown in several states and dimmed prospects for a quick economic recovery. The Dow slid 1.39 percent to settle at 25706 while the Nasdaq surged up 0.53 percent to settle at 10547.

UK stocks fell on Thursday as virus worries persisted and relations between the United States and China continued to deteriorate. The FTSE 100 was down by 0.7 percent to 6116.

On domestic front Indian shares rose sharply on Thursday with financials and metal stocks gaining ground ahead of the start of corporate earnings season. Positive global cues also boosted sentiment. The benchmark BSE Sensex was up by 1.1 per cent to 36738.

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