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

U.S. stock showed wild swings over the course of the trading session on Monday before ending the day substantially lower. With the selloff on the day the Dow fell to its lowest closing level in over eight months while the Nasdaq and the SP 500 dropped to their lowest closing levels in over a year. The Dow nosedived by 2.1 percent to 23593 while Nasdaq plunged by 2.3 percent to 6754.

U.K. shares moved lower yesterday with retailers coming under selling pressure after Asos cut its sales growth outlook citing weak consumer confidence an unprecedented level of discounting and unusually mild weather. The benchmark FTSE 100 fell by 1% to 6773.

On domestic front Indian shares rose on Monday to extend gains for the fifth straight session with falling oil prices a strengthening rupee and reports of improving investment climate in the country helping underpin investor sentiment. During the la

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