Indian markets are likely to open negative tracking global indices and SGX Nifty.
The US stocks saw considerable volatility over the course of the trading session on Friday before eventually ending the day mostly higher. The major averages all moved to the upside late in the session with the techheavy Nasdaq showing a particularly strong upward move. The Dow went up by 0.4 percent to 26428 while the Nasdaq rose by 1.5 percent to 10745.
UK stocks ended lower on Friday with stocks giving up early gains following a selloff in the final hour as the mood turned bearish due to worries about the economic impact of the coronavirus pandemic. The FTSE 100 plunged by 1.5 percent to 5898.
On domestic front Indian shares ended lower for a third day running on Friday as weak GDP data from the U.S. and Europe rekindled concern the economic recovery from the coronavirus pandemic is stalling. The benchmark BSE Sensex fell by 0.3 percent to 37607.
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