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

The US stocks turned in a relatively lackluster performance during trading on Friday. The major averages spent the day bouncing back and forth across the unchanged line before closing roughly flat. The Dow inched up less than a tenth of a percent to 28135 and Nasdaq rose 0.2 percent to a new record closing high of 8734.

UK stocks soared on Friday and the British pound staged its biggest rally in almost three years after the ruling Conservative party secured a landslide victory in the snap election ending the Parliamentary deadlock and making it possible to deliver Brexit by the end of January. The FTSE 100 increased by 1.8 per cent to 7405.

On domestic front Indian shares posted strong gains on Friday with benchmark indexes Sensex and the Nifty climbing around 1 percent each boosted by hopes for an imminent U.S.China trade deal and hopes of an orderly Brexit. The benchmark BSE Sensex incr

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