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

The US stocks moved mostly lower over the course of the trading session yesterday partly offsetting the strong gains posted last week. The major averages all finished the day firmly in negative territory. The Dow plunged by 2.4 per cent to 23650 and the Nasdaq fell 1 percent to 8561.

UK stocks rose slightly on Monday after data showed the rate of growth of new coronavirus is slowing down in hardhit places. The FTSE 100 inched up by 0.1 percent to 5794.

On domestic front Indian shares moved in a narrow range yesterday before ending mixed as market attention shifted to the quarterly earnings season and investors looked forward to another stimulus package from the government to deal with coronavirus fallout. The benchmark BSE Sensex crawled up by 0.2 per cent to 31648.

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