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

US Stocks regained ground over the course of the trading day on Monday but remained mostly negative. With the drop on the day the major averages partly offset the strong gains posted last week. The Dow fell 0.4 percent to 23909 and Nasdaq slid 0.9 percent to 6905.

U.K. stocks fell on Monday as weak China trade data underscored the rapid weakening of the worlds secondlargest economy. Brexit worries also lingered ahead of Tuesdays key Commons vote on Brexit. The FTSE 100 was down by 0.6% to 7001.

On domestic front Indian shares ended lower on Monday mirroring weak cues from elsewhere across Asia and Europe after Chinas exports and imports in December declined at the worst rates in two years raising fresh concerns about global growth. During the trading session the BSE Sensex went down by 0.4% to 35853.

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