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

U.S. stocks showed a substantial move back to the downside during trading on Tuesday. The major averages moved sharply lower over the course of the session more than offsetting yesterdays strong gains. The Dow plunged by 3.1 percent to 25027 and Nasdaq tumbled by 3.8 percent to 7158.

U.K. shares fell modestly on Tuesday as confused signals over U.S.China trade talks as well as the pounds rise versus a broadly weaker dollar prompted traders to unlock some profits after the previous sessions strong rally The benchmark FTSE 100 fell by 0.3% to 7040.

On domestic front Indian shares fell on Tuesday as a sharp recovery in oil prices weakness in rupee and caution ahead of the results of crucial assembly election in five states due on December 11 prompted traders to unlock some profits after a sixday rally. During the last trading session the BSE Sensex fell by 0.3% to 36134.

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