Indian markets are likely to open negative tracking global indices and SGX Nifty.
The US stocks ended on a highly negative note on Friday after spending the entire
session in the red as investors turned cautious and chose to exit counter following a sharp surge in new coronavirus infections in several states. The Dow and the Nasdaq tumbled by 2.8 percent and 2.6 percent to 25016 and 9757 repectively.
UK stocks rallied on Friday as investors closely tracked Brexit negotiations and
pinned hopes for more financial stimulus due to the rise in U.S. infections. The FTSE 100 rose by 1.3 percent to 6224.
On domestic front Indian shares rose notably on Friday with financials and
information technology companies pacing the gainers on the back of positive global cues. Broadbased buying was seen despite rising coronavirus infections in the country and the military standoff between India and China at the border. The benchmark BSE Sensex rose by 0.9 per cent to 35171.
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