Indian markets are likely to open negative tracking global cues and SGX Nifty.
U.S. stocks declined amid concerns Trump’s stimulus plans are in increasing peril and amid heightened terror fears after at least 13 people died when a van plowed into pedestrians in Barcelona. The major averages ended the session at their worst levels of the day. The Dow tumbled 1.2 percent to 21751 the Nasdaq plummeted 1.9 percent to 6212 and the SP 500 slumped 1.5 percent to 2430.
FTSE 100 index joined global stocks and closed in red yesterday with the premier UK share index closing around 45 points lower at 7388. Across Europe the French Cac 40 and German Dax both ended the day in the red down 0.57% and 0.49% respectively.
On the domestic turf stocks consolidated their gains on Thursday after US Fed minutes signalled uncertainties over near term rate hikes. The benchmark Sensex which stayed up for most part of the day hit a high of 31937.51 on the back of rally in the Infosys stock foll

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