Indian stock markets are likely to be weak tracking global cues, which have kept investors torn between major world economies opening up and the fact that the covid-19 pandemic continues to cripple demand.
Trends in SGX Nifty suggest benchmark indices may open in negative. Asian markets were under pressure in early deals on Thursday as downbeat economic data pushed investors to safe havens and growing worries about falling demand sent oil prices lower.
In focus are fresh hostilities between Beijing and Washington after US President Donald Trump said he was watching closely whether China would meet its commitments to increase US goods purchases under the phase 1 trade deal.