Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. markets closed lower Monday as a report that the House of Representatives is
considering phasing in a cut to corporate taxes rather than enacting them
immediately weighed on investors confidence.
The European markets remained stuck in a narrow trading range throughout
Mondays session. The markets ended the day with mixed results but remained little
changed overall.
Indian markets eked out modest gains to close at fresh record highs on Monday
with positive earnings updates and expectations that the RBI will cut interest rates in
December supporting underlying sentiment.
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