Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stock turned positive over the course of the trading session yesterday after the initial move to the downside. The major averages bounced off their early lows and ended the day in positive territory. The Dow Jones rose by 0.4% to 25971 and Nasdaq climbed up by 0.6% to 7972.
UK stocks fell on Tuesday as the pound advanced further against rivals on hopes for a Brexit deal and after the release of employment data. European Union chief negotiator Michel Barnier said on Monday that a Brexit deal was realistic in six to eight weeks. The FTSE 100 was down by 0.7% at 7228.
On domestic front Indian stocks fell for the second day running on Tuesday after the rupee hit a fresh record low of 72.62 in the afternoon reversing initial gains. The rout in rupee coupled with rising oil prices helped fuel expectations that Indias current account deficit would widen to 2.52.8 percent of the GDP in the currenDownload Full Report