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

The US stocks ended on a buoyant note yesterday despite several states in the country reporting sharp spikes in new coronavirus cases over the weekend. Investors surprisingly shrugged off the report about the spread of the coronavirus and kept picking up stocks betting on hopes the central bank will come with more stimulus sometime in the near futures.The Dow surged by 2.3 per cent to 25596 and the Nasdaq rose by 1.2 percent to 9874.

UK stocks edged higher yesterday though underlying sentiment remained cautious after a Swiss nightclub and the U.K. city of Leicester reported clusters of virus outbreaks. The FTSE 100 inched up by 0.2 percent to 6170.

On domestic front Indian shares ended lower on Monday as mounting coronavirus cases both at home and abroad kept investors on edge. Developments in Ladakh on the disputed border between India and China as well as increasing trade tensions betwee

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