''Indian markets are likely to open on a negative note on the back of ECB current account SA, Japan trade balance weak global cues. Concerns over US tax cuts and other infra reforms led to profit booking in global markets. The Indian markets would continue to watch institutional flows in the next few days,'' said ICICIdirect.

Domestic markets ended marginally lower amid mixed Asian cues on the back of expectations of slower Fed rate hikes.

US markets ended in the negative territory amid uncertainty on Obamacare's repeal and replacement.

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