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

U.S. stocks are higher during the last trading session despite another rough session for Facebook. The Dow Jones tumbled to 1.3% to close at 24611. The NASDAQ dropped down by 1.8% to close at 7344.

U.K. stocks rose on Tuesday as a technology selloff faded and investors welcomed a preliminary deal on a transitional agreement that will lead to the orderly withdrawal of the U.K. Traders also looked ahead to the Fed and BoE meetings due this week for further direction. The FTSE 100 was down by 1.7% to end at 7043.

On domestic front Indian shares fluctuated before finishing modestly higher on Tuesday as traders covered short positions after recent string of losses. The BSE Sensex ended up by 0.2% at 32997.

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