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

The US markets regained some ground during trading on Wednesday. The major averages climbed firmly into positive territory but remained well off the record highs. Dow climbed 0.5 percent to 27649 and Nasdaq rose 0.5 percent to 8566.

The UK stocks reversed early losses to turn higher on Wednesday as encouraging Chinese data helped investors shrug off concerns surrounding U.S.China trade talks. The FTSE 100 was up by 0.2 per cent to 7174.

On domestic front Indian shares shrugged off mixed global cues to end higher on Wednesday with auto banking and metal stocks leading the surge after survey results from IHS Markit showed that Indias services sector activity recovered in November amid a rise in new business intakes and job creation. The benchmark BSE Sensex was up by 0.4 per cent to 40850.

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