Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. Stocks moved sharply higher during trading on Thursday more than offsetting the pullback seen in the previous session. The Dow and the SP 500 reached new record closing highs while the Nasdaq ended the day at its best closing level in two months. The major averages reached new highs in lateday trading before giving back some ground going into the close. The Dow jumped 0.9 percent to 34035.99 the Nasdaq soared 1.3 percent to 14038.76.

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