Technology

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

US stocks saw further upside over the course of the trading day on Friday after moving moderately higher early in the session. The downturn on the day extended the pullback seen late in the previous session. The Dow increased by 0.8 percent to 26505 and the Nasdaq surged by 1.6 percent to 8164.

U.K. stocks rose notably on Friday after a survey showed the U.K. services sector activity jumped back into the expansion territory in April. The seasonally adjusted IHS Markit/CIPS UK Services PMI Index rose to 50.4 from 48.9 in the previous month suggesting the economy remained more or less stalled at the start of the second quarter. FTSE 100 rose by 0.7 percent to 7404.

On domestic front Indian shares gave up early gains to end marginally lower on Friday as a strengthening rupee as well as Cognizants weaker 2019 revenue forecast pulled down IT stocks. The benchmark BSE Sensex dipped by 0.1 percent

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