Indian markets are likely to open negative tracking the SGX Nifty and Asian markets.
U.S. Markets failed to hold earlier gains on Wednesday as investors digested President Donald Trumps outline for tax reform while earnings season continued.
The European markets endured a choppy trading session Wednesday but the majority of the markets finished with modest gains. Investors were in a cautious mood ahead of the Trump administrations big tax reform announcement later today and tomorrows meeting of the European Central Bank.
Indian Markets extended their record run on Wednesday and the rupee hit a 20month high against the dollar as solid earnings positive global cues and the MCD poll win for BJP bolstered investor sentiment.

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