Indian markets are likely to open flat tracking global indices and SGX Nifty.
The US stocks moved sharply higher on Tuesday and remained firmly positive for the remainder of the session. With the jump on the day the major averages offset the steep losses posted in the previous session. The Dow surged by1.4 percent to 26280 and the Nasdaq soared 2 percent to 8016.
U.K. stocks fell on Tuesday as a slew of negative catalysts such as a pronounced drop in the yuan escalating protests in Hong Kong and surprise primary election results in Argentina dented investors appetite for risk. The FTSE 100 fell by 0.6 percent to 7185.
On domestic front Indian plunged on Tuesday as a slew of factors such as renewed trade worries escalating tensions in Hong Kong political uncertainty in Italy and fears of a fullblown financial crisis in Argentina dented investors appetite for risk. The benchmark BSE Sensex plunged by 1.7 percent to 36958.
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