Indian markets are likely to open negative tracking global indices and SGX Nifty.
The US stocks showed a lack of direction over the course of the trading session on yesterday. The major averages spent the day bouncing back and forth across the unchanged line. Eventually the major averages ended the day slightly lower. The Dow and Nasdaq dipped by 0.1 per cent each to 27882 and 8616 respectively.
UK stocks fell sharply on yesterday and the pound edged higher ahead of Thursdays general election. Investors were also digesting data showing that the British economy flatlined in October resulting in its slowest annual expansion in seven years. The FTSE 100 tumbled by 1.1 per cent to 7159.
On domestic front Indian shares fell notably on Tuesday as uncertainty prevailed ahead of the U.S. tariff deadline on Chinese imports. Investors also awaited the outcome of key central bank meetings this week and Thursdays general election in the U.K. for directional cues. The benchmark BSE
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