ndian markets are expected to open negative tracking the SGX Nifty and some of its
Asian peers.
U.S. markets closed lower Tuesday as hopes of an oil production cut were dashed
and after a miss in the consumer confidence index.
The European markets ended Tuesdays session in the red after climbing to 3week
highs in the previous session. Weakness in crude oil prices had a negative impact on
sentiment as they again failed to sustain recent gains.
Indian markets tumbled on Tuesday as banking stocks resumed their selloff and
the rupee weakened to a fresh 30month low versus the dollar on continued foreign
fund outflows and amid anxiety ahead of the upcoming Budget.

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