Indian markets are likely to open negative taking global cues
Following the recovery rally seen in the previous session US markets showed a significant move back to the downside during trading on Tuesday. Continued uncertainty about the outlook for interest rates weighed on the markets ahead of next weeks Federal Reserve meeting.
European markets finished lower on Tuesday as sentiment was hit by a sharp fall in the oil price while investors speculated over when the U.S. Federal Reserve would raise interest rates.
Indian shares fell more than 1.5% on Monday tracking broader Asian markets lower on revived prospects that the U.S. Federal Reserve might raise interest rates as early as next week.
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