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

U.S. stock moved sharply lower over the course of the trading session on Thursday after showing a lack of direction early in the day. With the steep drops the major averages once again tumbled to their lowest levels in over a year. The Dow tumbled 2 percent to 22860 and Nasdaq plunged 1.6 percent to 6528.

U.K. shares fell yesterday after the U.S. Federal Reserve sounded less dovish than expected despite rising risks to growth. The Fed on Wednesday raised interest rates by a quarter point as widely expected and indicated it still expects to hike rates twice in the first half of next year despite mounting economic headwinds. The benchmark FTSE 100 fell by 0.9% to 6707.

On domestic front Indian shares ended a lackluster session slightly lower on Thursday as weak global cues prompted investors to book some profits after sharp gains in the last seven sessions. During the last trading session

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