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

U.S. stock showed a lack of direction throughout much of the trading session on Thursday. The major averages spent the day bouncing back and forth across the unchanged line. The Dow rose 0.3 percent to 24597 while Nasdaq fell 0.4 percent to 7070.

U.K. shares retreated and pared most of its gains on Thursday morning with investors largely refraining from making significant moves and looking for direction after two successive days of strong gains. The benchmark FTSE 100 was down by 0.2% to 6867.

On domestic front Indian shares ended higher on Thursday extending gains to a third successive session with investors tracking cues from Asian markets and also reacting positively to the latest batch of economic data. During the last trading session the BSE Sensex was up by 0.5% to 35929.

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