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

U.S. stocks extended their recent seesaw performance with a sharp pullback during trading on Friday. The major averages regained some ground after an early selloff but still ended the day significantly lower. The Dow Jones slumped 1.2 percent to 24688 and the Nasdaq plummeted 2.1 percent to 7167.

U.K. shares fell sharply on Friday tracking steep declines across Europe and a plunge in U.S. stock futures as Amazon and Alphabet both disappointed with their thirdquarter earnings after the U.S. closing bell. Earnings of domestic firms also proved to be a mixed bag. The benchmark FTSE 100 was down by 1.8 percent at 6879.

On domestic front Indian shares fell sharply once again to hit over sevenmonth lows on Friday as weak global cues coupled with disappointing earnings releases from the likes of Yes Bank and Maruti Suzuki dented investors appetite for risk. The BSE Sensex fell by 1% to 33349.

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