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

U.S. stocks showed a substantial move back to the downside during trading on Wednesday. The Dow dropped to its lowest closing level in over threemonths while the Nasdaq and the SP 500 tumbled to fivemonth closing lows. The Dow Jones plunged by 2.4 percent to 24583 and the Nasdaq nosedived by 4.4 percent to 7108.

U.K. shares stocks eked out modest gains yesterday after two sessions of losses amid uncertainty over Brexit and concerns over slowing global growth. The pound eased to threeweek lows ahead of Prime Minister Theresa Mays key address to Conservative Party lawmakers in parliament on Brexit later in the day. The benchmark FTSE 100 was up by 0.5 percent at 6989.

On domestic front Indian shares fluctuated on Wednesday before finishing higher to snap a fourday losing streak. While mixed global cues and corporate earnings offered little support a further fall in oil prices toward 75

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