Indian markets are likely to open negative tracking global indices and SGX Nifty.
The US stocks turned in a mixed performance during trading on Wednesday following the broad based rally seen in the previous session. The Dow Jones industrial average closed at an alltime high on Wednesday as investors bet the U.S. economys momentum would continue. The U.S. economy has picked up steam this year growing at an annualized rate of more than 3 percent each of the past two quarters. The Dow climbed 0.4 percent to 23941 the Nasdaq plunged 1.3 percent to 6824 and the SP 500 edged down less than a tenth of a percent to 2626.
In UK the benchmark FTSE 100 was down 0.9 percent at 7394 as sterling rallied to a twomonth high following reports that Britain and the European Union had agreed the outlines of a Brexit divorce bill of 50 billion pound. Settling the Brexit bill is a crucial condition for moving talks on to future relations including a future free trade agreement.
The BSE Sensex a
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