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Indian markets are expected to open in red tracking the SGX Nifty and its asian peers. US markets ended in red as the selloff on Wall Street came amid a notable decrease by the price of crude oil with crude for March delivery down by 1.74 to 29.88 a barrel. Traders may have been looking ahead to the release of some key economic data in the coming days including the closely watched monthly jobs report due out on Friday. The European markets dropped sharply adding to the weakness of the previous session. Concerns about oversupply is weighing on crude prices as rumored talks between Russia and OPEC regarding production cuts have failed to materialize. Disappointing earnings reports from energy giant BP and Swiss bank UBS also contributed to the negative mood among investors. Indian markets fell tracking weak global markets as oil extended Monday steep losses. Meanwhile as widely expected the Reserve Bank of India (RBI) kept its key policy rates unchanged seeking to wait for thDownload Full Report