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

US Stocks moved notably lower over the course of the trading session on Thursday adding to the modest losses posted in the previous session. Renewed concerns about a U.S.China trade deal generated selling pressure after a report from CNBC said President Donald Trump and Chinese President Xi Jinping are highly unlikely to meet before a March 2nd deadline The Dow was down by 0.9 percent to 25170 while the Nasdaq went down by 1.2 percent to 7288.

U.K. markets ended notably lower on Thursday after the European Union lowered its growth outlook for the Euro area for 2019 and 2020. The FTSE 100 was down by 1.1% to 7094.

On domestic front Indian shares gave up early gains to end on a flat note on Thursday after the Reserve Bank of India ( RBI) unexpectedly cut the repo rate by 0.25 percent to 6.25 percent saying inflation will likely stay within its target range. During the trading session the BS

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