Indian markets are likely to open flat tracking global indices and SGX Nifty.
US stocks regained some ground over the course of the trading day on Friday but remained firmly in negative territory. With the drop the Dow and the Nasdaq pulled back further off the record intraday highs set in early trading on Thursday. The Dow fell by 0.6 percent to 30814 and the Nasdaq was even lower by 0.9 percent to 12999.
U.K. stocks were little changed on Monday as the Covid vaccination program expanded to cover over70s. Foreign minister Dominic Raab said on Sunday he remained hopeful of easing lockdown restrictions by March. The benchmark FTSE 100 was almost flat at 6720.
Indian shares fell sharply on Monday amid weak global cues as growing coronavirus infections around the world sparked worries about a slow recovery from the pandemic The benchmark SP BSE Sensex plunged by 1 per cent to 48564.
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