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

U.S. Stocks showed a lack of direction over the course of the trading session with the major averages bouncing back and forth across the unchanged line. Despite the choppy trading the techheavy Nasdaq reached a new record closing high. The Dow Jones was down by 0.1% to 25320 and the Nasdaq ended up by 0.6% to 7703.

U.K. stocks gave up early gains to turn lower as the pound advanced after the release of unemployment data and the TrumpKim summit ended with the signing of a joint statement that gave few details or specifics on how the goals set by both sides would be achieved. The benchmark FTSE 100 was down by 0.2% at 7718.

On domestic front Indian shares closed higher on Tuesday with underlying sentiment supported by positive global cues ahead of retail inflation and industrial output data due later in the day. The BSE Sensex was ended up by 0.6% to 35693.

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