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

US stocks showed a strong move back to the upside during trading on Tuesday. With the upward move on the day The major averages finished the session off their best levels of the day but still firmly positive. The Dow climbed 0.6 percent to 29824 the Nasdaq surged up 1.3 percent to 12355.

UK stocks rallied yesterday as upbeat factory activity data from China and early data showing that a number of vaccines are highly effective in preventing the novel coronavirus boosted hopes of an economic recovery. The benchmark FTSE 100 jumped by 1.7 per cent to 6375.

Indian shares rose sharply to hit fresh record highs yesterday with positive global cues and betterthanexpected Q2 GDP data signaling rebound in economic activity helping underpin investor sentiment. The benchmark SP BSE Sensex was down by 1.1 percent to 44655.

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