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

U.S. stock markets were closed on Wednesday.

U.K. shares fell sharply on yesterday as trade and growth worries sapped investors appetite for risk. There is skepticism and confusion about the truce between the U.S. and China on trade after China promised action but gave no details on the tentative truce. The benchmark FTSE 100 declined by 1.1% to 6943.

On domestic front Indian shares finished Wednesdays session notably lower after the Reserve Bank of India ( RBI) left its key interest rate unchanged for a second policy session in a row and said it sees upside risks to the inflation outlook. During the last trading session the BSE Sensex fell by 0.7% to 35884.

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