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

The US stocks moved mostly higher over the course of the trading day on Wednesday as traders expressed renewed optimism about upcoming U.S.China trade talks. With the advance the major averages partly offset the steep losses posted in the previous session. Dow climbed 0.7 percent to 26346 and the Nasdaq Nasdaq surged up by 1 percent to 7903.

The UK stock were moving higher on Wednesday and the pound bounced back as the British government signaled that it intends to bring a revised Brexit deal back to Parliament. The FTSE 100 ended up by 0.5 percent to 7179.

On domestic front Indian market rallied on Wednesday to snap a sixsession losing streak with banks and automakers leading the surge. The benchmark BSE Sensex ended up by 1.2 percent to 38177.

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