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

The US stocks plunged sharply on Monday but regained substantial portion of lost ground in the final hour and the techladen Nasdaq very nearly managed to move into positive territory towards the closing minutes of the session. The Dow plunged by1.8 percent to 27147 and the Nasdaq dipped by 0.1 percent to 10779.
UK stocks were sharply lower on Monday as investors fretted over a resurgence of coronavirus cases in the United Kingdom and elsewhere in Europe. The FTSE 100 plummeted by 3.2 at 5815.

On domestic front Indian shares tumbled on Monday amid acrosstheboard selling tracking weak global cues. Investor sentiment took a hit after reports suggested that several global banks moved large sums of allegedly illicit funds over nearly two decades. The benchmark BSE Sensex tumbled by 2.1 percent to 38034.

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