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

The US stock fluctuated over the course of the trading day after inching up to new record closing highs in the previous session and before closing modestly lower on Tuesday. The Dow dipped by 0.1 percent to 27336 and Nasdaq fell by 0.4 percent to 8223.

U.K. stocks rose on yesterday after official data showed the U.K. unemployment rate remained unchanged at 44year low in three months to May and wages grew at the fastest pace in 11 years. The FTSE 100 was up by 0.2 percent to 7546.

On domestic front Indian shares rose for the second day running on Tuesday shrugging off weak trade and business sentiment data as well as a mixed set of corporate earnings results. The benchmark BSE Sensex went up by 0.6 percent to 39131.

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