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

The US stocks turned in a relatively lackluster performance during Yesterday following the rebound seen over the course of the previous session. The Nasdaq spent the day bouncing back and forth across the unchanged line. The major averages all eventually finished the day modestly lower. While the Dow fell by 0.4 per cent to 28584 and the Nasdaq was almost flat at 9069.

UK stocks gave up early gains to turn flat on Tuesday as MPs resume scrutiny of Prime Minister Boris Johnsons Brexit deal. The benchmark FTSE 100 remained flat at 7579.

On domestic front Indian shares rebounded yesterday as oil prices eased amid no fresh aggressive moves from the U.S. and Iran. The benchmark BSE Sensex rose by 0.5 percent to 40869.

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