Indian markets are likely to open negative tracking global indices and SGX Nifty.
US Stocks moved moderately lower during the trading session on Thursday following the release of a batch of largely disappointing U.S. economic data. Selling pressure was relatively subdued however limiting the downside for the major averages. The Dow ended modestly lower at 25851 whereas the Nasdaq was slightly negative at 7460.
U.K. stocks finished negative on Thursday as weak earnings updates and mixed PMI data offset investor optimism over progress in talks between the U.S. and China. The FTSE 100 was down by 0.8% to 7167.
On domestic front rose for a second straight session on Thursday with auto banking pharma and metal stocks rallying amid buying by foreign and domestic institutional investors. During the trading session the BSE Sensex ended higher by 0.4% to 35898.
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