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

The US stocks moved mostly higher during trading on Thursday following the mixed performance seen in the previous session. With the upward move on the day the techheavy Nasdaq returned to positive territory for 2020. The Dow surged by 0.9 percent to 23876 the Nasdaq jumped by 1.4 percent to 8980.

UK stocks advanced on Thursday as the Bank of England maintained its key interest rate and refrained from unveiling additional quantitative easing despite the coronavirus pandemic taking its toll on the economy. The FTSE 100 moved up by 0.6 percent to 5890.

On domestic front Indian shares ended lower on Thursday as coronavirus cases continued to rise in the country putting pressure on an already slowing economy. India has been under the worlds most extensive lockdown since late March. The benchmark BSE Sensex plunged by 0.8 per cent to 31443.

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