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

The US stocks tumbled into the red around noon failing to hold strong early gains and despite a couple of attempts to rebound into positive territory ended on a weak note on Friday. While the Dow slumped 0.80 percent to settle at 25871 while the Nasadq managed to eke out a small gain settling 0.03 percent up at 9946.

UK stocks gained ground on Friday after a Chinese health expert said that the coronavirus outbreak in Beijing is under control. The FTSE 100 was up by 1.1 percent to 6293.

On domestic front rally in heavyweight Reliance Industries and Bajaj twins helped Indian shares end on an upbeat note Friday. The benchmark BSE Sensex rose by 1.5 per cent to 34732.

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