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

The US markets regained ground over the course of the trading day on Tuesday after falling sharply early in the session but still closed firmly in the red. The major averages closed lower for the third straight session pulling back further off their record highs. Dow fell 1.0 percent to 27502 and Nasdaq tumbled 0.6 percent to 8520.

The UK stocks drifted lower on Tuesday as the pound pushed higher and the wave of deal making in the gold industry reached the U.K. The FTSE 100 was down by 0.7 per cent to 7234.

On domestic front Indian shares ended a choppy session lower on Tuesday in the wake of weak global sentiment after U.S. President Donald Trump escalated trade tensions across the globe by imposing tariffs on foreign steel threatening tariffs on allies like the European Union and engaging in a titfortat trade war with China that has hurt American farmers. Weak manufacturing data from th

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