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

US stocks saw further downside over the course of the trading day on Wednesday. Technology stocks helped lead the way lower resulting in a steep drop by the techheavy Nasdaq. The Dow edged down just 3.09 points to 32420. The Nasdaq plunged 2 percent to 12962

UK stocks ended trading on Wednesday on a positive note. The benchmark FTSE 100 inched up by 0.2 percent to 6713.

Indian shares ended deep in the red on Wednesday as investors remained wary of spikes in coronavirus cases in major economies including Germany France and Italy. The benchmark BSE Sensex tanked by1.7 percent to 49180.

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