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

The US stocks came under pressure in the final hour of trading on Thursday. The major averages pulled back off their highs of the day and into negative territory. The Dow fell 0.6 percent to 25400 and the Nasdaq slid 0.5 percent to 9368.

UK stocks rose on Thursday on optimism that efforts to ease lockdown restrictions on businesses and people will contribute to quick economic recovery. The FTSE 100 was up by 0.6 percent to 6183.
On domestic front Indian market posted strong gains for the second day running on Thursday with ratesensitive auto and banking stocks leading the market rally on account of shortcovering on eve of FO derivatives expiry. The benchmark BSE Sensex was up by 1.9 per cent to 32200.

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