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Global cues indicates Negative opening

Global Oil prices hit the Global markets. In early trades Asian stock markets trading lower.
Shanghai down -1.31%, Nikkei down -3.02% and Hang Seng Index down -1.10%.

UBS cuts china GDP growth forecast for 2016 to 6.2% and for 2017 to 5.8%

Asian cues indicating big gap down will seen on Indian stock markets , Nifty may sheds previous working days gains today.

According to Moody's PSU banks may face further Asset Quality Stress. Another negative news for IT stocks is TCS which fined $940 m in US .