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

The US stocks turned in a lackluster performance for much of the trading session on Tuesday before coming under pressure late in the day. The major averages pulled back sharply after spending the bulk of the day bouncing back and forth across the unchanged line. The Dow slumped 1.9 percent to 23764 and the Nasdaq plunged 2.1 percent to 9002.

UK stocks advanced on Tuesday with upbeat earnings updates from the likes of Vodafone and Kingfisher as well as optimism over lockdown easing plans helping underpin investor sentiment. The FTSE 100 was up by 0.6 percent to 5974.

On domestic front Indian shares fell for a second straight session on Tuesday with weak global cues and rising coronavirus cases in India keeping investors nervous. The benchmark BSE Sensex was down by 0.6 per cent to 31371.

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