Indian markets are likely to open negative tracking global indices and SGX Nifty.
The US stocks averages came under pressure late in the trading day on Tuesday. The Dow and the SP 500 pulled back into negative territory joining the techheavy Nasdaq which posted a particularly steep loss. The Dow fell by 0.4 percent to 27687and the Nasdaq tumbled by 1.7 percent10783.
UK stocks rose sharply yesterday as hopes for a U.S. stimulus package outweighed weak labor market data showing that around 730000 people have lost their jobs in the United Kingdom since the Covid19 lockdown began in March the biggest drop in quarterly employment since the 2009 financial crisis. The FTSE 100 surged by 2.3 percent to 6192.
On domestic front Indian shares advanced yesterday with consistent foreign fund flows on the back of betterthanexpected corporate earnings coupled with a sustained increase in coronavirus recoveries helping underpin investor sentiment. The benchmark BSE Sensex was
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