Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. stocks moved sharply lower over the course of the trading day on Thursday. The major averages attempted a recovery after seeing early weakness but saw a significant pullback as the day progressed. The Dow Jones tumbled by 1.3 percent to 25379 and the Nasdaq nosedived by 2.1 percent to 7485.
U.K. shares were modestly higher on Thursday and the pound held stable after reports suggested that Prime Minister Theresa May was open to discussing a longer transition period within the EU. The benchmark FTSE 100 was up by 0.2 percent at 7068.
On domestic front markets were closed on Thursday on account of Dussehra. On Wednesday Indian shares fell sharply to snap a threesession winning streak. Markets opened on a strong note but failed to sustain early gains as liquidity concerns resurfaced and traders adopted a cautious stance ahead of Reliance Industries secondquarter earnings results due latDownload Full Report View Full Report in Browser