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

US Stocks moved mostly lower during trading yesterday with the techheavy Nasdaq showing a particularly steep drop.. After falling by more than 200 points in early trading the Dow edged up 0.1 percent to 31522. Meanwhile the Nasdaq plunged 2.5 percent to 13533.T

U.K. stocks closed on a weak note on Monday as investors largely stayed reluctant to pick up shares amid rising bond yields and on concerns the aggressive vaccine rollouts and fiscal stimulus might stoke inflation. The benchmark FTSE 100 was down by 0.2 percent to 6612.

Indian shares succumbed to heavy selling pressure on Monday as rising commodity prices coupled with a surge in Covid19 cases in some parts of the country dented hopes of a swifter recovery from the coronavirus pandemic. The benchmark BSE Sensex plunged by 2.3 per cent at 49744.

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