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

The US stocks fluctuated over the course of the trading day on Thursday before finish the day significantly higher. With the upward move on the day the major averages partly offset the steep losses posted in the previous session. The Dow surged up 2.2 percent to 21414 and the Nasdaq jumped 1.7 percent to 7487.

UK stocks were moving higher on Thursday though the upside remained limited amid lingering concerns about the economic impact of the coronavirus pandemic as confirmed infections around the world approached one million. The FTSE 100 was up by 0.1 percent to 5460.

On domestic front Indian market remain closed today on the eve of Sri Rama Navami festival.

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