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

US stocks saw considerable weakness during trading on Thursday. With the drop on the day the Nasdaq and the SP 500 pulled back further off the more than fourmonth intraday highs set on Monday. The Dow slid 0.8 percent to 25473 and the Nasdaq tumbled 1.1 percent to 7421.

U.K. stocks fell on Thursday and the pound traded in a narrow range against its peers after the latest round of Brexit negotiations ended without a breakthrough. The FTSE 100 was down by 0.4% to 7167.

On domestic front Indian shares logged gains for the fourth day running on Thursday as a strong rupee on hopes of a second term for Prime Minister Narendra Modi in the upcoming elections helped investors shrug off rising oil prices and weak global cues. The benchmark BSE Sensex was up by 0.3% to 36725 at the end of trading session.

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