Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. Stocks turned in a mixed performance during trading on Thursday. While the techheavy Nasdaq climbed to a new record closing high the narrower Dow closed lower for the third straight day. The Dow Jones was down by 0.1% to 25175 and the Nasdaq edged up by 0.9% to 7761.
U.K. stocks fell notably as weakerthanexpected data from China weighed on the mining sector and the pound spiked higher after the release of upbeat retail sales data. The benchmark FTSE 100 was down by 0.6% at 7656.
On domestic front Indian shares closed lower during the last trading session to snap a threeday winning streak after the U.S. Federal Reserve lifted interest rates for the second time this year and signaled a more aggressive rate path for the rest of the year. The BSE Sensex was ended down by 0.4% to 35600.Download Full Report