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

The US stocks showed a significant recovery attempt over the course of the trading session on Tuesday. The Dow and the Nasdaq briefly peeked above the unchanged line but ended the day modestly lower. The Dow dipped by 0.1 percent to 27198 and the Nasdaq fell by 0.2 percent to 8284.

U.K. stocks shrugged off losses across Europe to hold steady on Tuesday as the pound continued to fall on worries the U.K. is prepared to leave the EU without a deal. A surge in BP Plc shares also offered some support. The FTSE 100 surged by 1.8 percent at 7690.

On domestic front Indian shares fell for the second day running on Tuesday with earnings woes sustained foreign fund outflows and signs of a slowdown in auto sales weighing on markets. The benchmark BSE Sensex fell by 0.8 percent to 37397.

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