Indian markets are likely to open flat tracking global indices and SGX Nifty.
Dow industrials eked out a small gain on Tuesday to end in record territory but the broader market was weighed down by a selloff in financials consumer discretionary and smallcap stocks amid concerns over the timing and ultimate shape of tax legislation working its way through Congress. The Dow Jones Industrial Average ended with a gain of less than 0.1% at 23557. The SP 500 index closed less than a point lower at 2591 retreating from an intraday record set earlier in the session. Meanwhile the Nasdaq Composite Index declined 0.3% to 6768.
In UK FTSE 100 ended the day lower having started it positively as European indices lagged and Wall Street was lower. The UK blue chip index closed down 49 points at 7513.
In India the benchmark BSE Sensex plunged nearly 400 points intraday on Tuesday due to negative domestic and global cues. Profitbooking by funds and retail investors rising crude oil

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