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

US stocks moved notably higher over the course of the trading day on Wednesday. With the upward move on the day the major averages extended the substantial rally seen in the previous session. The Dow jumped 0.8 percent to 25539 and the Nasdaq climbed 0.6 percent to 7575.

U.K. stocks were modestly higher on Wednesday after a report showed activity in the countrys services sector picked up momentum in May. FTSE 100 was up by 0.5 percent at 7247.

On domestic front Indian market remain closed today on account of Ramzan. During the last trading session benchmark BSE Sensex was ended down by 0.5 percent to 40083.

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