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

U.S. Markets failed to hold earlier gains on Wednesday as investors digested President Donald Trump's outline for tax reform, while earnings season continued.

The European markets endured a choppy trading session Wednesday, but the majority of the markets finished with modest gains. Investors were in a cautious mood ahead of the Trump administration's big tax reform announcement later today and tomorrow's meeting of the European Central Bank.

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