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

The US stocks moved sharply higher over the course of the trading day on Tuesday partly offsetting the significant weakness seen in recent sessions. After ending the previous session at its worst closing level in over three years the Dow recorded its biggest percentage gain since 1933. The Dow skyrocketed 11.3 percent to 20704.91 and the Nasdaq spiked 8.1 percent to 7417.

UK stocks rose sharply on Tuesday as Italy reported a smaller increase in coronavirus cases for the second consecutive day and Spain imposed an Italystyle lockdown in a bid to contain the spread of the virus. The FTSE 100 was up by 3.6 percent to 5172.

On domestic front Indian shares rebounded on Tuesday with firm global markets offering support after the U.S. Federal Reserve launched unlimited bond buying and promised other steps to support the worlds largest economy which is reeling from the coronavirus pandemic. The

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