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

U.S. Stocks showed a substantial move to the downside during trading on Monday. With the drop on the day the Dow closed lower for the ninth time in ten sessions. The Dow Jones ended down by 1.3% to 24252 and the Nasdaq slid by 2.1% to 7532.

U.K. stocks fell sharply on Monday as trade war fears showed no sign of abating. The benchmark FTSE 100 was down by 0.9% to 7614.

On domestic front Indian shares followed global peers lower on Monday as trade worries persisted and oil prices traded mixed after Fridays strong rally. The BSE Sensex ended down by 0.6% to 35470.

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