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

The US stocks moved notably higher over the course of the trading session on Wednesday before giving back ground going into the close. The major averages pulled back sharply in lateday trading with the techheavy Nasdaq sliding into negative territory. The Dow surged up 2.4 percent to 21200 while the Nasdaq fell 0.5 percent to 7384.

UK stocks rallied on Wednesday to extend gains from the previous session after U.S. lawmakers and the Trump administration reached an agreement on a sweeping 2tn stimulus package designed to curb the economic fallout of the coronavirus pandemic. The FTSE 100 was up by 4.1 percent to 5671.

On domestic front Indian shares followed global peers higher on Wednesday after U.S. lawmakers reached agreement over a 2 trillion stimulus package to shore up the economy against the coronavirus pandemic. The benchmark BSE Sensex was up by 6.9 percent to 28536.

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