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

The US stock markets climbed on Monday with the SP 500 index and the Dow industrials closing at alltime highs for a second straight session ahead of the start of a key gathering of the Federal Reserve. However technology stocks lagged behind limiting gains for the Nasdaq Composite Index. The Dow Jones Industrial Average rose 0.28% to 22331 while SP 500 index advanced 0.2% to 2503 meanwhile the Nasdaq Composite finished up 0.1% at 6454.

Amid decelerating momentum of pound on the currency markets FTSE 100 the bluechip index rebounded from its fourmonth low to rise 37.8 points to 7253. The index was given a late boost by Bank of England Governor Mark Carney who in his speech at the IMF in Washington warned of a limited and gradual pace to interest rates rises.

Indias Nifty index closed at a lifetime high on Monday riding a wave of liquidity that lifted global markets ahead of a k

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