Indian markets are likely to open negative tracking global indices and SGX Nifty.
US stock showed a strong move to the upside in early trading on Monday but gave
back ground over the course of the session. The major averages pulled back well off
their highs of the session with the Dow and the SP 500 sliding into negative
territory. The Dow corrected by 0.6 percent to 29861 and the Nasdaq rallied by 0.5
percent to 12440.

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