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

US stocks moved sharply higher during trading on Tuesday adding to the gains posted in the previous session. The major averages all showed strong moves to the upside on the day. The Dow spiked 2.1 percent to 27480 and the Nasdaq surged up 1.9 percent to 11161

U.K. stocks closed on an upbeat note on yesterday extending gains from previous session amid expectations of a clear verdict in the U.S. presidential election and optimism about a massive fiscal stimulus. The benchmark FTSE 100 escalated by 2.3 per cent to 5787.

Indian shares rose sharply yesterday amid a global rally as investors put coronavirus worries on the back burner for now and shifted their focus towards the U.S. presidential election. The benchmark SP BSE Sensex surged by 1.3 percent to 40261.

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