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

The US stocks moved mostly higher over the course of the trading session on Monday. With the upward move the Nasdaq and the SP 500 reached their best closing levels in a month. The Dow rose 0.2 percent to 26827 and the Nasdaq advanced 0.9 percent to 8162.

The UK stocks edged up slightly on Monday and the pound slipped against the dollar as investors remained hopeful that Britain would be able to avoid a disorderly exit from the European Union despite a crossparty group of politicians voting to postpone the meaningful vote on Prime Minister Boris Johnsons new divorce deal. The FTSE 100 rose by 0.2 percent to 7163.

On domestic front Indian market remain closed today on account of assembly elections in Maharashtra. Trading for capital market futures and options and currency derivative segments will resume on Tuesday.

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