''Indian markets are likely to open gap down on the back of negative global cues. Fourth quarter earnings and June monetary policy would be key for any directional move,''said ICICIdirect.
Domestic markets ended lower as sentiments were weighed down by a survey by NCAER, which showed business sentiments fell sharply in the March quarter due to concerns over investment climate amid ''patchy'' and ''uneven growth''.
US markets ended negative following the release of a batch of largely upbeat US economic data, which led to concerns about the outlook for interest rates.
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