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

U.S. stock staged a substantial turnaround over the course of the trading session on Monday. The major averages climbed well off their worst levels of the day and into positive territory. The Dow inched up 0.1 percent to 24423 and Nasdaq climbing up by 0.7 percent to 7020.

U.K. shares moved lower on Monday as growth and trade worries kept investors nervous. The benchmark FTSE 100 was down by 0.5% to 6743.

On domestic front Indian shares succumbed to heavy selling pressure on Monday with weak global markets and anxiety ahead of the outcome of assembly election results weighing on markets. During the last trading session the BSE Sensex was down by 2% to 34959.

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