Indian markets are likely to open negative tracking global indices and SGX Nifty.
US equities rose on Friday as investors placed bets on a strong holiday shopping season and that corporate tax cuts would keep the current economic expansion going. The SP 500 hit record highs rising 0.2 percent to 2602 with information technology as the bestperforming sector. The Nasdaq composite climbed 0.3 percent to 6889 posting intraday and closing records while the Dow Jones industrial average rose 32 points to finish at 23558.
The FTSE 100 closed down 0.1% at 7410 points after ending flat on Thursday. British shares on Friday ended Black Friday just slightly lower with Paddy Power leading winners against a strong pound which was poised to rise for a third consecutive week amid growing hopes that Brexit talks could bear fruits next month.
Indian stock markets on Friday closed with gains for the seventh straight day helped by gains in IT stocks. The 30share BSE Sensex finished at 3367
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