Indian markets are likely to open negative tracking global indices and SGX Nifty.
After initially showing a lack of direction stocks moved mostly higher over the course of the trading session on Friday. With the upward move the Dow and the SP 500 reached new record closing highs while the Nasdaq ended the day at its best closing level in almost two months. The major averages accelerated to the upside going into the close ending the session near their best levels of the day. The Dow jumped 0.9 percent to 33800.60 the Nasdaq rose 0.5 percent to 13900.19.

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