Indian markets are likely to open negative tracking global indices and SGX Nifty.

U.S. Stocks remained mostly positive throughout the trading day on Monday. With the upward move on the day the Nasdaq reached a new record closing high. The Dow Jones increased by 0.7% to 24813 and the Nasdaq was up by 0.7% to 7606.

U.K. stocks were sharply higher during the last trading session with an upbeat U.S. jobs report easing of political tensions in Italy and Spain and fresh dealmaking news buoying investor sentiment. The benchmark FTSE 100 was up by 0.7% at 7757.

On domestic front Indian shares fell notably on Monday dragged down by banking and realty stocks as investors awaited cues from the Reserve Bank of Indias threeday monetary policy meeting beginning today. The BSE Sensex closed down by 0.6% at 35012.

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