Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. stocks came under pressure over the course of the trading day on Wednesday after moving to the upside early in the session. Reflecting weakness among technology stocks the techheavy Nasdaq led the way lower. After jumping by 1.1 percent in the previous session to its highest closing level in nearly two months the Nasdaq slumped 138.26 points or 1 percent to 13857.84. On the other hand the Dow pulled back well off its best levels of the day but still closed up 53.62 points or 0.2 percent at 33730.89

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