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

US stocks showed a lack of direction over the course of the trading day on Wednesday. The major averages eventually ended the session moderately lower. The Dow fell 0.4 percent to 28211 the Nasdaq dropped by 0.3 percent to 11485.

UK stocks fell on yesterday as the pound advanced in response to EU Chief Negotiator Michel Barniers optimistic comments about a postBrexit trade deal. The benchmark FTSE 100 plunged by 1.1 per cent to 5821.

On the domestic front Indian shares rose for the fourth straight session on Wednesday with positive global cues providing support as investors clung to hopes for a deal on U.S. stimulus talks. The benchmark SP BSE Sensex rose by 0.4 percent to 40707.

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