Indian markets are likely to open negative tracking global indices and SGX Nifty.
The US stocks recovered from initial weakness but moved back to the downside over the course of the trading session on Tuesday. With the drop on the day the Dow and the SP 500 had their worst first quarter performances ever plunging by 23.2 percent and 20 percent respectively. The Dow plunged 1.8 percent to 21917 and the Nasdaq slumped 1 percent to 7700.
UK stocks rose sharply on Tuesday as oil prices stabilized and upbeat data from China raised hopes of an economic recovery following the coronavirus outbreak. The FTSE 100 was down by 1.9 percent to 5668.
On domestic front Indian shares ended the financial year 201920 on a positive note Tuesday as upbeat manufacturing and service sector activity data from China raised hopes of an economic recovery following the coronavirus outbreak.. The benchmark BSE Sensex was up by 3.6 percent to 29469.
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