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

US stocks came under pressure over the course of the trading session on Wednesday. The major averages slid firmly into negative territory with the SP 500 pulling back off a record intraday high. The Dow fell 0.6 percent to 26430 while the Nasdaq was ended lower by 0.6 percent to 8049.

U.K. markets ended weak on Wednesday with investors treading cautiously ahead of the U.S. Federal Reserves monetary policy announcement. Other markets in Europe were closed for the May Day holiday. FTSE 100 was down by 0.4 percent at 7385.

On domestic front Indian markets were closed on Wednesday on account of Maharashtra Day. On Tuesday Indian shares recouped early losses to end flat on as banks succumbed to heavy selling pressure after Yes Bank reported a massive quarterly loss hit by rising provisions for bad loans. The benchmark BSE Sensex dipped by 0.1 percent at 39032

Download Full Report View Full Report in Browser