Indian markets are likely to open negative tracking global indices and SGX Nifty.
After climbing to record highs in the previous session stocks gave back some ground over the course of the trading session on Tuesday. Selling pressure was somewhat subdued however as House Republicans voted to approve the first major tax reform legislation in several decades cutting tax rates for businesses and individuals. The Dow dipped 37.45 points or 0.2 percent to 24754.75 the Nasdaq slid 30.91 points or 0.4 percent to 6963.85 and the SP 500 fell 8.69 points or 0.3 percent to 2681.47.
U.K. stocks edged higher Tuesday as continued optimism over U.S. tax cuts helped British bluechips extend gains and close at sixweek highs. The FTSE 100 index rose 0.1% to end at 7544 its highest close since Nov. 6.
Benchmark indices ended the session on a strong note led by gains in auto stocks and midcaps in the broader market. The Nifty is under 30 points away from alltime high figure. The Sensex

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