Indian markets are likely to open positive tracking global indices and SGX Nifty.
US stocks after coming under pressure early in the session continued to see considerable weakness in midday trading on Tuesday. The major averages had climbed off their worst levels of the day but remained firmly in negative territory. Dow slumped 1.1 percent to 26118 and the Nasdaq dipped by 1.1 percent to 7874.
The UK markets ended weak on Tuesday snapping a foursession winning run weighed down by Brexit showdown and a lack of clarity with regard to resumption of U.S.China trade talks after a new round of tariff hikes took effect over the weekend. The FTSE 100 was down by 0.2 percent to 7268.
On domestic front Indian shares fell heavily on Tuesday with key benchmark indexes Sensex and the Nifty ending down over 2 percent each as a set of weak macroeconomic data declining auto sales and a negative reaction to the governments action to downsize the number of public sector banks se
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