Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks moved sharply lower over the course of the trading day on Friday with a partial government shutdown looming. The major averages extended the selloff seen in recent sessions once again ending the day at their lowest closing levels in over a year. The Dow fell by 1.8 percent to 22445 and Nasdaq plummeted by 3 percent to 6333.
U.K. shares were little changed on Friday as trade tensions simmered and investors remained worried about a “disorderly” Brexit causing more damage to the U.K. economy. In addition the pound rose 0.2 percent to 1.2681 the strongest in two weeks keeping underlying sentiment cautious. The benchmark FTSE 100 was marginally up by 0.1% to 6721.
On domestic front Indian shares fell on Friday ahead of weak global cues which led to acrosstheboard selling after recent sharp gains. During the last trading session the BSE Sensex fell by 1.9% to 35742.
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