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

US stocks regained ground after an early move to the downside during trading yesterday but still ended the day mostly lower. With the drop on the day the major averages partly offset the strong gains posted in the previous session. The Dow slid 0.6 percent to 29783 and the Nasdaq dipped 0.2 percent to 11899.

U.K. stocks fell on Tuesday with a stronger pound weighing on dollar earners after reports that Britain could reach a postBrexit trade agreement with the European Union by early next week. The benchmark FTSE 100 fell by 0.5 per cent to 6388.

Indian shares rose on yesterday to hit record highs as traders returned to their desks after a longholiday weekend. Sentiment was bolstered after Moderna announced on Monday that its coronavirus vaccine was 94.5 percent effective. The benchmark SP BSE Sensex moved up by 0.7 percent to 43953.

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