Indian markets are expected to open in negative tracking the SGX Nifty and the Asian cues, said Angel Broking in its report.

U.S. stocks fluctuated over the course of the trading session on Wednesday but largely managed to maintain a positive bias on the day. Market were positive on Wall Street was partly in reaction to strength in the overseas markets, as stocks in Asia and Europe moved mostly higher. Trading activity was somewhat subdued, however, as traders seemed somewhat reluctant to make any significant moves amid a lack of major U.S. economic data.

The European markets pared their gains in late trade Wednesday, but extended their recent winning streak to a fourth session. The recent gains continued to be fueled by strength in energy and mining stocks. Commodity prices have been rising since the start of the trading week.

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