Technology

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

The US stocks showed a lack of direction during trading on Wednesday. Despite the choppy trading the Dow and the SP 500 ended the session at new record closing highs. While the Dow rose by 0.3 percent to at 27783 the Nasdaq dipped by 0.1 percent to 8482.

The UK stocks fell on Wednesday after U.S. President Donald Trump threatened to levy even more tariffs against Chinese goods if a trade deal is not reached. Another day of Hong Kong turmoil also rattled investors. The FTSE 100 fell by 0.5 percent to 7325.

On domestic front Indian shares fell on yesterday mirroring weak cues from Asia and Europe as antigovernment protests in Hong Kong entered a third consecutive day of violent unrest and new worries around a U.S.China trade agreement emerged. The benchmark BSE Sensex slumped 0.6 per cent to 40116.

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