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

The US stocks sharply higher during trading on Tuesday extending the rebound from last Fridays selloff that was seen in the previous session. With the strong upward move the techheavy Nasdaq reached a new record closing high. The Dow jumped 1.4 percent to 28807 and the Nasdaq soared 2.1 percent to 9467.

UK stocks rose sharply on Tuesday with resource companies leading the surge on hopes that China will unveil more stimulus measures to aid companies hit by the coronavirus outbreak and also shore up financial markets. The benchmark FTSE100 up by 1.3 per cent to 7424.

On domestic front Indian shares rose sharply on Tuesday to recoup most of the losses seen on the Budget day as oil prices tumbled and global equity markets rebounded amid expectations that China would roll out more stimulus measures to provide liquidity to markets and boost consumption amid the deadly coronavirus outbreak. Th

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