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

U.S. stocks showed a substantial move back to the upside over the course of the last trading day. The major averages climbed firmly into positive territory partly offsetting yesterdays steep losses. The Dow Jones rose by 1.6 percent to 24985 and the Nasdaq soared by 3 percent to 7318.

U.K. shares recovered some ground to trade on a flat note Thursday after hitting a sevenmonth earlier in the session amid a global rout. Recovery across other European markets ahead of the ECB monetary policy announcement supported the index to end in the positive territory. The benchmark FTSE 100 inched up by 0.1 percent at 6971.

On domestic front Indian shares tumbled yesterday with benchmark indexes Sensex and the Nifty losing around 1 percent to end at over sixmonth lows mirroring weak global markets amid concerns over earnings Italian government finances and escalating trade tensions. The BSE Sensex f

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