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

U.S. stocks moved sharply lower over the course of the trading day on Monday adding to the notable losses posted in the previous session. With the selloff on the day the Dow continued to give back ground after reaching its best closing level in a month last Thursday. The Dow plunged 2.3 percent to 25387 while the Nasdaq plummeted 2.8 percent to 7200.

U.K. shares were moving higher on Monday even as markets elsewhere across Europe fell on global growth worries and amid lack of fresh catalysts after the U.S. midterm elections. The benchmark FTSE 100 moved up by 0.4% to close at 7134.

On domestic front Indian shares fell sharply on Monday with weakness in the rupee a rebound in oil prices and concerns about the tussle between the RBI and the government dampening investor sentiment. The BSE Sensex was down by 0.9% to 34812.

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