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

The US stocks showed a lack of direction throughout the trading session on Tuesday with the major averages spending the day bouncing back and forth across the unchanged line before eventually closing mixed. The Dow rose 0.1 percent to 28939 while the Nasdaq slipped 0.2 percent to 9251.

UK stocks edged higher on Tuesday as investors cheered upbeat trade data from China showing rising exports and imports in December.The benchmark FTSE 100 was up by 0.2 percent to 7629.

On domestic front Indian markets rose on Tuesday to reach fresh record highs as risk sentiment improved on the back of U.S.China trade deal optimism and upbeat trade data from China. The benchmark BSE Sensex surged by 0.2 percent to 41952.

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