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

U.S. stocks saw substantial volatility over the course of the trading session on Thursday before ending the day sharply lower. The major averages finished the day firmly in the red adding to the steep losses posted in the previous session. The Dow Jones fell by 2.1% to 25052 and the Nasdaq decreased by 1.3% to 7329.

U.K. shares plunged on Thursday to extend losses from the previous session as declining commodity prices on concerns over global growth outlook took toll on resource stocks. A rising pound on growing speculation for a Brexit deal also weighed on markets. The benchmark FTSE 100 declined by 1.8% to 7014.

On domestic front Indian shares fell sharply once again on Thursday and the rupee hit a record low of 74.48 per dollar as global markets plunged on concerns over slowing global growth and rising interest rates. The BSE Sensex plunged by 2.2% to 34001.

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