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

U.S. stocks showed a strong move to the upside during trading on Monday regaining ground following the selloff seen last week. The major averages fluctuated over the course of the session but remained firmly in positive territory. The Dow surged up 1.5 percent to 24640 while Nasdaq soared 2.1 percent to 7081.

U.K. shares were sharply higher on Monday after the European Union and Britain finally sealed an agreement governing the latters departure from the bloc on March 29. The benchmark FTSE 100 rose by a sharp 1.2% to 7038.

On domestic front Indian market rebounded on Monday after a string of declines last week as tumbling oil prices and a strengthening rupee helped lift investor mood. During the last trading session the BSE Sensex was up by 1.1% to 35354.

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