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

The US showed moved mostly higher over the course of the course of the trading session on Monday following the mixed performance last week. The techheavy Nasdaq showed a particularly strong upward move reaching a new record closing high. The Dow underperformed its counterparts inching up just less than a tenth of a percent to 26680 while the Nasdaq soared 2.5 percent to 10767.

UK stocks were moving lower on Monday though markets came off their days lows amid hopes that EU leaders would strike a deal on a recovery fund. Investors were also reacting to escalating tensions between the U.K. and China. The FTSE 100 was down by 0.3 percent to 6272.

On domestic front Indian shares rose sharply on Monday to extend gains for the fourth straight session as private sector lender HDFC Bank posted robust earnings for the June quarter and the Union Health Ministry said that Indias Covid19 fatality ra

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