Indian markets are likely to open negative tracking global indices and SGX Nifty.
The US stocks continued to experience choppy trading on Thursday. The major averages bounced back and forth across the unchanged line before closing mixed for the second straight day. While the Dow dipped by 0.2 percent to 26080 the Nasadq moved up by 0.3 percent to 9943.
UK stocks edged up slightly on Thursday ahead of the Bank of Englands rate decision. Economists widely expect the monetary policy committee of the BoE to expand its quantitative easing by at least GBP 100 billion from the current size of GBP 645 billion. The FTSE 100 inched up by 0.2 percent to 6266.
On domestic front Indian shares posted strong gains on Thursday with heavyweight Reliance Industries and banks leading the surge despite mixed cues from global cues and rising coronavirus cases in the country. The benchmark BSE Sensex rose by 2.1 per cent to 34208.
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