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

U.S. stocks showed a significant recovery attempt over the course of the last trading day after falling sharply early in the session. The major averages climbed well off their worst levels of the day but still finished the session firmly in negative territory. The Dow Jones slid by 0.5 percent to 25191 and the Nasdaq dipped by 0.4 percent to 7437.

U.K. shares market was down on Tuesday in negative territory with the pound sterling rebounding after recent setback and markets across the globe wilting under pressure due to geopolitical worries and trade related tensions. The benchmark FTSE 100 fell by 1.2 percent at 6955.

On domestic front Indian shares tumbled yesterday extending losses to a fourth straight session and the benchmark indices Sensex and the Nifty50 plunged to near 7month lows as investors chose to exit counters tracking a selloff in global markets amid mounting worries abo

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