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

The US stocks moved sharply lower over the course of the trading day on Thursday. The major averages pulled back firmly into negative territory with the techheavy Nasdaq showing a particularly steep drop. The Dow tumbled 1.3 percent to 26652 and the Nasdaq plunged 2.3 percent to 10461.

UK stocks gained ground on Thursday as hopes for another round of government stimulus for the virusstricken U.S. economy and an upbeat quarterly earnings report by Unilever helped investors look past an escalation in SinoU.S. tensions.
The FTSE 100 was up by 0.6 percent to 6243.

On domestic front Indian shares rose notably on Thursday led by gains in financials and index heavyweight Reliance Industries (RIL) which became the first Indian company to have a market capitalization of Rs 13 lakh crore. The benchmark BSE Sensex was up by 0.7 percent to 38141.

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