Indian markets are expected to open negatively tracking the SGX Nifty and weak global cues.
U.S. markets fell steeply with the major indices correcting by about 2% as crude oil prices plumbed to seven year low levels on growing oversupply concerns.
European shares closed lower with the pan European STOXX 600 closing down 1.9% as the decline in the oil prices weighed on the indices.
Indian shares ended the week on a negative note. The decline in the indices was led by the banking and the telecom space.
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