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

The US stocks turned in a mixed performance during trading on Tuesday. The SP 500 reached its best closing level in five months while the techheavy Nasdaq gave back ground after spiking to a record closing high on Monday. The Dow climbed 0.6 percent to 26840 while the Nasdaq slid 0.8 percent to 10680.

UK stocks rose on Tuesday with a combination of vaccine optimism and fiscal stimulus boosting sentiment. The FTSE 100 was up by 0.6 percent to 630.

On domestic front Indian shares followed global peers higher on Tuesday after the European Union (EU) struck a historic deal on a €750 billion (857 billion) coronavirus recovery fund and the blocs longterm budget. The benchmark BSE Sensex was up by 1.4 percent to 37931.

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