Indian markets are likely to open positive tracking global indices and SGX Nifty.
Stocks moved mostly lower during trading on Tuesday extending the pullback seen over the course of the previous session. The Nasdaq hit its worst intraday level in well over a month in early trading but rebounded to end the day only modestly lower. After plunging as much as 2.2 percent the techheavy Nasdaq closed down at 0.1 percent at 13389.43. Meanwhile the Dow tumbled at 1.4 percent to 34269.16.

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