''Indian markets are likely to open on a negative note on the back of Results: Phillips Carbon Black subdued global cues. Domestically, a mixed bag of quarterly earnings along with movement in crude oil prices globally is likely to impact market sentiments in the near term,'' said ICICIdirect.
Domestic markets ended on a negative note as sluggish trade data as well as worrying retail and wholesale inflation figures stirred concerns about the health of the domestic economy.
US markets ended in the negative territory after hawkish comments made by Federal Reserve officials in the midst of weak inflation data.
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