Indian markets are likely to open negative tracking global indices and SGX Nifty.
US stocks showed a substantial turnaround over the course of the trading session on Friday reflecting considerable sensitivity to sentiment regarding the escalating U.S.China trade dispute. The Dow rose by 0.4 percent to 25942 and the Nasdaq inched up by 0.1 percent to 7917.
U.K. stocks rose on Friday and the pound was little changed after official data showed Britains economy got a sharp oneoff boost in the first three months of 2019 boosted by companies stockpiling ahead of Brexit. The benchmark FTSE 100 was down by 0.5 percent at 7246.
On domestic front Indian shares hares succumbed to selling pressure for the eighth day running on Friday after the U.S. hiked duties on 200 billion worth of Chinese products in a new escalation of tensions. The benchmark BSE Sensex ended down by 0.3 percent to 37462.
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