Indian markets are likely to open negative tracking global indices and SGX Nifty.
US stocks after failing to sustain an initial move to the upside stocks moved sharply lower over the course of the first trading day of the New Year on Monday. With the pullback the major averages partly offset the strong gains posted during a turbulent 2020. The Dow was up down by 1.3 percent to 30223 and the Nasdaq was down by 1.5 percent to 12698.

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