Indian markets are likely to negative tracking global indices and SGX Nifty.
After moving sharply lower in the previous session stocks turned in a mixed performance during trading on Tuesday. While the Dow and the SP 500 moved to the downside on the day the techheavy Nasdaq ended the day firmly in positive territory. The Dow down by .80 percent to 27463 the Nasdaq up 0.64 percent to 11431.
U.K. stocks edged lower on Tuesday as coronavirusrelated worries as well as widespread uncertainty over the U.S. presidential election outcome overshadowed HSBC relatively strong results. The benchmark FTSE 100 down by 1.16 per cent to 5792.
Indian shares shrugged off weak global cues to end sharply higher Tuesday on expectations of higher foreign inflows. Banks and financials led the surge after MSCI Inc. announced that it will make changes to its global indexes following revisions in the country ownership limits. The benchmark SP BSE Sensex up by 0.9 percent to 40522.
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