Indian markets are likely to open flat tracking global indices and SGX Nifty.US Stocks saw substantial volatility during trading on Thursday with a selloff seen in early afternoon trading resulting in a sharply lower close for the markets. With the steep drop on the day the major averages extended the substantial move to the downside seen over the two previous sessions The Dow and the SP 500 slumped to their lowest closing levels in a month while the techheavy Nasdaq plunged to a twomonth closing low. The Dow fell 1.11 percent to 30925 and the Nasdaq down by 2.11 percent to 12723.
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