Indian markets are likely to open negative tracking global indices and SGX Nifty.
US stocks turned lower over the course of the trading session on Monday after failing to sustain an initial upward movement. The major averages all ended in negative territory with the Dow fell by 0.8% to 25820 and the Nasdaq low by 0.2% at 7578.
U.K. stocks rose modestly on Monday amid signs the United States and China were close to striking a trade deal. The FTSE 100 increased by 0.4% to 7134.
On domestic front Indian stock markets were closed on Monday on account of Mahashivratri. On Friday shares rose to snap a threeday losing streak as firm cues from Asia and Europe as well as signs of deescalation of tensions at the border helped investors shrug off weak GDP data. The benchmark BSE Sensex went up by 0.6% to 36064.
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