Indian markets are likely to open negative tracking global indices and SGX Nifty.
US Stocks following the rally seen in the previous session moved in opposite directions during trading on Tuesday. While the Dow pulled back the broader Nasdaq and SP 500 extended yesterdays strong upward move. The Dow slid 0.4 percent to 25555 while the Nasdaq inched higher by 0.4 percent to 7591.
U.K. stocks edged mildly higher on Tuesday with a stronger pound keeping investors nervous after U.K. Prime Minister Theresa May secured significant changes to her divorce deal from the European Union. The FTSE 100 was up by 0.3% to 7151.
On domestic front Indian shares posted strong gains on Tuesday to extend a bull run on renewed optimism that Modiled NDA will retain power in 2019. A surging rupee on the back of sustained foreign fund inflows and positive global cues also offered some support. The benchmark BSE Sensex soared by 1.3% to 37536 at the end of trading session.
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