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

US stocks came under pressure in the latter part of the trading day on Wednesday. The major averages slid firmly into negative territory after lingering near the unchanged line earlier in the day. The Dow tumbled 1.2 percent to 29438 and the Nasdaq slid 0.8 percent to 11802

U.K. stocks moved lower on Wednesday as new coronavirus continue to mount in major cities around the world raising concerns over the pace of economic recovery. The benchmark FTSE 100 fell by 0.4 per cent to 6340.

Indian shares hit fresh record highs on Wednesday amid a broadbased rally as investors awaited the latest news updates from a key Supreme Court hearing on interest waivers for loans under moratorium. The benchmark SP BSE Sensex moved up by 0.5 percent to 44180.

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