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

The US stocks moved mostly higher over the course of the trading day on Thursday. The major averages recovered from initial weakness to end the day in positive territory. The Dow was up by 1 per cent to 20087 and the Nasdaq rose by 2.3 per cent to 7151.

UK stocks moved higher on Thursday as exporters benefited from a weaker pound on fears of a coronavirusinduced recession. The FTSE 100 inched up by 0.2 percent to 5090.

On domestic front Indian shares fell yesterday with benchmark indexes Sensex and Nifty hitting fresh threeyear lows in intraday trade as investors continued to fret about coronavirus pandemic and the risk of wider financial contagion. The benchmark BSE Sensex fell by 2 percent to 28288.

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