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

The US stocks showed a strong move back to the upside during trading on Wednesday. With the upward move the techheavy Nasdaq ended the session at its best closing level in three months. The Dow rose by 1.5 percent to 24576 and the Nasdaq increased by 2.1 percent to 9376.

UK stocks drifted lower on Wednesday as doubts over a potential Covid19 vaccine overshadowed encouraging earnings updates from the likes of Marks Spencer Group Plc and Experian Plc. The FTSE 100 dropped by 0.2 percent to 5988.

On domestic front Indian shares rose for a second straight session on Wednesday with ratesensitive financials auto and realty stocks leading the surge despite rising coronavirus cases in the country. The benchmark BSE Sensex rose by 2.1 per cent to 30819.

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