''Indian markets are likely to open negative on the back of negative US and Asian markets. Markets would also be keenly watching important results to be announced today and parliamentary proceedings on bills like Real Estate & Goods and Services Tax,'' said ICICIdirect.

Domestic markets ended with deep cuts as traders remained concerned ahead of political developments, due to a face-off between the opposition and government over GST bill. Also, sentiments remained dampened due to depreciation of the rupee. US markets ended negative after concerns expressed by the Federal Reserve Chairwoman on high stock valuations of the US equity markets.

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