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

US stocks showed a lack of direction throughout much of the trading day on Tuesday but moved to the upside going into the close. The moderate advance on the day capped off a strong year for stocks with the Nasdaq and SP 500 posting their biggest yearly gains in six years. The Dow climbed 76 points or 0.3 percent to 28538 and the Nasdaq rose 27 points or 0.3 percent to 8973.

UK stocks market recovered some lost ground but is still languishing in negative territory as investors appear reluctant to make big moves amid a lack of triggers. The FTSE 100 was down by 0.3 per cent to 7567.

On domestic front Indian market ended on a weak note on Tuesday with traders choosing to take profits to sign off the year amid a lack of positive triggers. The benchmark BSE Sensex was down by 0.7 percent to 41254

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