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

The US stocks fluctuated over the course of the trading session on Thursday but eventually ending the day modestly higher. The major averages all closed in positive territory although buying interest was somewhat subdued. The Dow inched up 0.1 percent to 27026 and the Nasdaq rose 0.4 percent to 8157.

The UK stocks rose yesterday with exportfocused shares benefiting from a weakening pound after Northern Irelands Democratic Unionist Party announced it cannot support Boris Johnsons current Brexit plan in its current form. The FTSE 100 rose by 0.7 percent to 7214.

On domestic front Indian shares posted strong gains on Thursday with benchmark indexes Sensex and Nifty surging for a fifth straight session after the U.K. and EU announced that they have agreed on a deal for Britains exit from the EU. The benchmark BSE Sensex surged by 1.2 percent to 39052.

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