Indian markets are likely to open flat tracking global indices and SGX Nifty.
The US stocks closed sharply lower on Tuesday following a massive selloff in the final hour after having spent much of the days session in positive territory. U.S. President Donald Trumps tweet that he would end negotiations on a new fiscal stimulus package sent shivers and triggered the selloff. The Dow and the Nasdaq fell sharply by 1.3 percent and 1.6 per cent to 27773 and 11154 respectively.
UK stocks fell on Tuesday as investors fretted about the impact of a second wave of coronavirus on the economy. The FTSE 100 fell by 0.6 per cent to 5908.
On domestic front Indian shares rose sharply on Tuesday mirroring positive global cues in reaction to positive reports about U.S. President Donald Trumps health and amid optimism that U.S. lawmakers could agree on new stimulus. The benchmark BSE Sensex surged by 1.5 percent to 39574.
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