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

The US stocks showed a significant turnaround over the course of the trading day on Wednesday. The rebound reflected a reversal from the previous session when stocks turned lower after seeing initial strength. Dow jumped 1 percent to 26036 and the Nasdaq rose 0.4 percent to 7856.

The UK stocks rose on Wednesday as the pound fell sharply on news the government is looking to suspend parliament from around midSeptember. The FTSE 100 was up by 0.4 per cent to 7116.

On domestic front Indian shares may open on a cautious note on Thursday as oil prices continued to climb and investors awaited further clarity on U.S.China trade negotiations. The benchmark BSE Sensex ended down by 0.5 percent to 37451.

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