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

The US stocks pulled back sharply after President Donald Trump announced plans to impose a 10 percent tariff on the remaining 300 billion worth of Chinese imports. The major averages climbed off their worst levels going into the close but remained firmly negative. The Dow plunged by 1.1 percent to 26583 and the Nasdaq fell by 0.8 percent to 8111.

U.K. stocks recovered from an early slide to turn flat on Thursday thanks to positive quarterly results from the likes of Barclays and Standard Chartered. The FTSE 100 was flat at 7583.

On domestic front Indian shares witnessed a sharp selloff across the board on Thursday with both domestic and global factors weighing on markets. Domestic factors that weighed on the market were disappointing earnings and rising foreign fund outflows on the back of the recent marketunfriendly Budget announcements. The benchmark BSE Sensex slumped by 1.2 percent t

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