Indian markets are likely to open weak tracking global indices and SGX Nifty, said Angel Broking in its report.

After two days of weak trading U.S. markets ended sharply lower on Thursday amid huge selling pressure and both Nasdaq and Dow Jones closed at their lowest levels in a month. Geopolitical concerns, the tension between US and North Korea continued to weigh on the markets and the trend is likely to continue in the near term.

The European markets also suffered losses due to the sharp selling in the US markets and had a day of heavy selling largely due to the political tension. North Korea has renewed its threat to strike US base of Guam and market participants seems to be moving away from equities to more safer asset class like Gold.

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