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

US Stocks gave back ground over the course of the trading day on Tuesday. The major averages pulled back well off their highs of the session but managed to hold on to gains. The Dow rose 0.6 percent to 25657 and the Nasdaq advanced 0.7 percent to 7691.

U.K. Market rose on Tuesday as the pound dipped and housebuilders rallied amid indications that majority members of parliament are in favor of retaining close ties with the EU. The FTSE 100 was up by 0.4% to 7202.

On domestic front Indian shares rose sharply on Tuesday tracking firm cues from global market and a firmer rupee as U.S. 10year Treasury yields recovered slightly from 2017 lows hit in the previous session helping ease fears over a possible U.S. recession. The benchmark BSE Sensex was ended up by 1.1% to 38233 at the end of trading session.

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