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Indian markets are expected to open on a negative note tracking the SGX Nifty and most Asian markets. Reflecting concerns about the outlook for monetary policy U.S. markets moved sharply lower over the course of the trading session on Thursday. The Europe markets fell sharply in the overnight trading session with investors disappointed by the European Central Banks (ECB) meagre rate cut and extended stimulus measures. The Indian market closed on negative note mainly due to a decline in the FMCG Auto banking shares. Further fears of Fed rate hike this month also dampened sentiment.Download Full Report