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

The US stocks fluctuated over the course of the trading day on Friday. The major averages largely maintained a negative bias although the techheavy Nasdaq ended the day nearly unchanged. The Dow tumbled 1.4 percent to a nearly ninemonth closing low of 25409 while the Nasdaq inched up by less than a tenth of a percent to 8567.

UK stocks plunged on Friday to extend losses from the previous session as new coronavirus outbreaks in Asia Europe and the Middle East sparked fears of a global pandemic. The benchmark FTSE 100 fell by 3.8 per cent to 6534.

On domestic front Indian shares continued to witness a bloodbath on Friday with key benchmark indexes plunging more than 3 percent after the Dow Jones Industrial Average suffered its worstever single day collapse in terms of points overnight on concerns about the rapid spread of coronavirus outside China. The benchmark BSE Sensex fell by 3.6 pe

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