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

U.S. stock saw typically postFederal Reserve decision volatility in afternoon trading on Wednesday before ending the session sharply lower. With the steep drop late in the day the major averages finished the session at their lowest closing levels in over a year. The Dow tumbled 1.5 percent to 23323 while Nasdaq plummeted 2.2 percent to 6636.

U.K. shares were modestly higher in cautious trade on Wednesday after major U.S. indexes broke a twoday losing streak overnight helped by gains in technology and consumerfocused companies. The benchmark FTSE 100 fell by 0.5% to 6738.

On domestic front Indian shares extended their positive momentum to end higher for the seventh straight session on Wednesday after oil prices plunged and the RBI decided to inject more liquidity into the system helping spur optimism about Indias growth story. During the last trading session the BSE Sensex moved up by 0.

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