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

U.S. stocks showed another substantial move to the downside in a holidayshortened session on Monday extending the selloff seen over the past several sessions. With the steep drop on the day the major averages once again tumbled to their lowest closing levels in well over a year. The Dow plummeted 2.9 percent to 21792 and Nasdaq tumbled 2.2 percent to 6192.

U.K. shares resumed declines on Monday and the British pound rose versus the dollar after a top White House official warned that its very possible the partial government shutdown will stretch into the new year and trade advisor Peter Navarro said that the trade war between the U.S. and China would not come to an end in nearterm. The benchmark FTSE 100 was down by 0.6% to 6679.

On domestic front Indian shares fell on Monday to extend losses from the previous session as weak global cues on the back of political uncertainty in the U.S. dampe

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