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

US stocks came under pressure in afternoon trading session following the release of the minutes of the latest Federal Reserve meeting. The Dow Jones ended on a downside front of 0.7% to close at 24798 and the Nasdaq Composite edged down to 0.2% to 7218.

U.K. shares finished higher on last trading session as gains for shares of Lloyds Banking Group PLC and Glencore PLC which released financial updates accelerated during the session. The FTSE 100 was ended on an upside front of 0.5% at 7282.

On domestic front Indian shares snapped a threeday losing streak as PSU banks bounced back from recent heavy losses and IT stocks surged on the back of a weaker rupee. The Sensex ended on an upside front of 0.4% at 33845 while the Nifty ended at 10397 with an upside of 0.4%.

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