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

The US stocks showed a substantial move to the downside during trading on Friday adding to the losses posted in the previous session. The Nasdaq and the SP 500 pulled back further off the record closing highs set on Wednesday. The Dow slid 227.57 points or 0.8 percent to 28992 and the Nasdaq plunged 174.37 points or 1.8 percent to 9576.

UK stocks followed Wall Street and Asia lower on Friday as a sudden rise in the number of coronavirus infections outside of China dented investors appetite for riskier assets. The benchmark FTSE100 was down by 0.6 per cent to 7392.

On domestic front Indian shares opened a tad lower on Thursday after MPC meeting minutes released by the RBI expressed concerns about economic activity saying the economy has not bottomed out yet. The benchmark BSE Sensex was down by 0.4 percent to 41170.

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