Indian markets are likely to open flat tracking global indices and SGX Nifty.
Stocks moved sharply lower over the course of the trading session on Thursday with the Dow eventually joining the broader Nasdaq and SP 500 in negative territory as the day progressed. The Nasdaq showed a particularly steep drop amid a selloff by technology stocks. The major averages all closed in negative territory although the Nasdaq underperformed its counterparts by a wide margin. The Dow fell 0.4 percent to 32862.30 and the Nasdaq plunged 3.2 percent to 13116.17

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