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

The US stocks have given back some ground over the course of the morning. The major averages have pulled back well off their initial highs with the Dow and the SP 500 sliding into negative territory. The Dow is down 0.3 percent at 26762 while the Nasdaq is up 0.3 percent at 8144.

The UK stocks advanced on Thursday to extend gains for the fourth straight session as strong French manufacturing data helped ease growth worries and the pound weakened ahead of the European Unions decision on whether to grant Britain a Brexit extension. The FTSE 100 rose by 0.7 percent to 7315.

On domestic front Indian market fluctuated before ending modestly lower on Thursday as investors tracked corporate results mixed global cues and the Assembly election results from Haryana and Maharashtra which were not in sync with the exit polls. The benchmark BSE Sensex ended down by 0.1 percent to 39020.

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