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

The US stocks fluctuated over the course of the trading day on Monday but largely remained firmly negative before closing notably lower. The Dow plunged 3 percent to 18591 and the Nasdaq fell 0.3 percent to 6860.

UK stocks fell sharply on Monday as fears of a global recession loomed and the U.S. Senate failed to agree on a 1trillionplus coronavirus response bill. The FTSE 100 was down by 4.6 percent to 4951.

On domestic front Indian shares tanked on Monday with key benchmark indexes Sensex and Nifty plummeting around 13 percent to suffer their biggest singleday fall ever after the worlds secondmost populous nation went into a lockdown to curb the spread of coronavirus cases in the country. The benchmark BSE Sensex was down by 13.2 percent to 25981.

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