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

US Stocks moved sharply lower over the course of the trading session on Friday more than offsetting the rally seen in the previous session. The Nasdaq and the SP 500 pulled back well off Thursdays fivemonth closing highs. The Dow tumbled 1.8 percent to 25502 and the Nasdaq plummeted 2.5 percent to 7642.

U.K. Market fell notably on Friday as the British pound rebounded on news of a Brexit extension agreed by the EU. The FTSE 100 was down by 0.7% to 7307.

On domestic front Indian shares closed lower on Friday as worries over economic growth and trade uncertainty prompted traders to book some profits after recent string of gains. The benchmark BSE Sensex was ended down by 0.6% to 38164 at the end of trading session.

Download Full Report View Full Report in Browser