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

U.S. stocks fell sharply during the last trading session accelerating to the downside after a relatively upbeat start to the session. The Dow Jones slipped to 1.0% to close at 24758. The NASDAQ dropped down by 0.2% to close at 7497.

U.K. stocks finished down slightly the last trading session tracking losses in the U.S. that came as tradewar fears helped send industrial shares lower. The FTSE 100 was down by 0.1% to end at 7133.

On domestic front Indian shares opened lower as trade tensions between the U.S. and China intensified and Punjab National Bank said it has uncovered additional exposure of about Rs 942cr to Gitanjali Group under consortium lending. The BSE Sensex ended down by 0.2% at 33857.

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