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

U.S. Stocks saw modest strength for much of the trading session but came under pressure following the Federal Reserves monetary policy announcement. The Nasdaq reached a record intraday high but pulled back into negative territory along with the other major averages. The Dow Jones was down by 0.5% to 25201 and the Nasdaq edged down by 0.1% to 7695.

U.K. stocks were modestly higher and the pound extended losses after official data showed consumer price inflation unexpectedly held at an annual rate of 2.4 percent in May its lowest level since March 2017. The benchmark FTSE 100 was up by 0.2% at 7719.

On domestic front Indian shares rose for a third straight session on Wednesday although markets ended off their days highs ahead of the Fed and ECB meetings. The BSE Sensex was ended up by 0.1% to 35739.

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