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

The US stocks showed a lack of direction over the course of the trading day on Wednesday. Despite the choppy trading the techheavy Nasdaq inched up to a new record closing high. The Dow dipped 0.1 percent to 28239 while Nasdaq inched up 0.1 percent to 8827.

UK stocks eked out modest gains on Wednesday as the pound extended a tumble from the previous session on worries about Britains Prime Minister Boris Johnson taking a hard line on Brexit. The FTSE 100 increased by 0.3 per cent to 7543.

On domestic front Indian shares ended at record highs for the second straight session on Wednesday amid unabated foreign fund inflows. The benchmark BSE Sensex was up by 0.5 per cent to 41558.

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