Indian markets are likely to negative tracking global indices and SGX Nifty.
The selloff on Wall Street came amid continued concerns about a recent spike in coronavirus cases across the U.S. The U.S. has averaged more than 70000 new coronavirus cases a day over the past week with 29 states setting new records this month for the most new daily cases since the pandemic began in February. The Dow down by 3.43 percent to 26519 the Nasdaq down 3.73 percent to 11004.
U.K. stocks fell sharply on Wednesday to hit a sixmonth low as tightening coronavirus restrictions across Europe coupled with uncertainty over a coronavirus vaccine sapped investors appetite for risk. U.K. Vaccine Taskforce Chair Kate Bingham said on Tuesday that the first generation of Covid19 vaccines is likely to be imperfect and that they might not work for everyone. The benchmark FTSE 100 down by 2.55 per cent to 5582.
Indian shares ended deep in the red on Wednesday as a wave of risk aversion swept global mark

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