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

The US stocks showed a significant downturn over the course of the trading session on Friday. The major averages pulled back well off their early highs and firmly into negative territory. The Dow edged plunged by 0.6 percent to 28990 and the Nasdaq fell by an even steeper 0.9 percent at 9315.

UK stocks stocks closed on a positive note on Friday riding on some encouraging economic data on World Health Organizations report that said it is too early to declare the corona virus attack a global health emergency. The benchmark FTSE 100 surged by 1 percent to 7586.

On domestic front Indian shares rose notably on Friday amid speculation the government will announce additional measures in the upcoming Budget to revive the economy. The benchmark BSE Sensex rose by 0.6 percent to 41613.

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