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

The US stocks saw considerable volatility during trading on Friday after coming under pressure early in the session. The major averages bounced back and forth across the unchanged line before eventually closing in positive territory. The Dow rose 0.3 percent to 23685 and the Nasdaq advanced 0.8 percent to 9014.

UK stocks rallied on Friday with miners and energy companies leading the surge after Chinas factory output rose for the first time this year in April suggesting that the worlds secondlargest economy is slowly emerging from its coronavirus lockdown. The FTSE 100 was up by 1.5 percent to 5826.

On domestic front Indian shares moved in a rangebound manner for most part of the session Friday before ending largely unchanged amid mixed catalysts. The benchmark BSE Sensex dipped by 0.1 per cent to 31097.

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