Indian markets are likely to open negative tracking global indices and SGX Nifty.
US stocks moved sharply lower over the course of the trading session on Monday amid concerns about a fullfledged trade war between the U.S. and China. The Dow tumbled to a threemonth closing low while the Nasdaq and the SP 500 slumped to their lowest closing levels in over a month. The Dow plunged 2.4 percent to 25324 and the Nasdaq plummeted 3.4 percent to 7647.
U.K. stocks were little changed on Monday and the pound slipped against the euro as expectations over a deal between Labour and the Conservatives faded making Prime Minister Theresa Mays position increasingly vulnerable. The benchmark FTSE 100 was down by 0.1 percent at 7202.
On domestic front Indian shares traded flat for most of the day on Monday before succumbing to heavy selling pressure following late selling in pharma banking and auto stocks. The benchmark BSE Sensex was ended down by 1.0 percent to 37090.
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