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

US stocks moved sharply lower over the course of the trading session on Monday leading to a steep drop by the techheavy Nasdaq. The Dow on the other hand spent the day bouncing back and forth across the unchanged line. The Dow inched up by less than a tenth of a percent to 24819 while the Nasdaq plunged 1.6 percent to 7333.

U.K. stocks recovered after a weak start on Monday with investors looking for some bargain hunting after recent losses on trade concerns. FTSE 100 was down by 0.3 percent at 7141.

On domestic front Indian shares ended on an upbeat note on Monday buoyed by steep slide in crude oil prices and on hopes the Reserve Bank of India will cut interest rate by 25 basis points later this week. The benchmark BSE Sensex was up by 1.4 percent to 40267.

Download Full Report View Full Report in Browser