Indian markets are expected to open flat tracking SGX Nifty.
U.S. markets saw modest weakness during trading on Tuesday giving back some ground after trending higher in recent sessions. While the Dow managed to end the day in positive territory the broader Nasdaq and SP 500 both closed in the red.
The majority of the European markets ended Tuesdays session in the red pulling back from three week highs. The mood among investors turned more cautious Tuesday as investors began to flock to safe havens like the Japanese Yen and U.S. treasuries. German economic sentiment and Eurozone construction output both came in weaker than anticipated and the IMF lowered its global economic growth outlook for the year due to the potential impact from the Brexit.
Indian markets eked out modest gains on Tuesday with healthy progress of monsoon rains and hopes of passage of the GST Bill in Rajya Sabha offering support.

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