Indian markets are likely to open Negative tracking global indices and SGX Nifty.
After climbing to new record intraday highs early in the session stocks turned mixed over the course of the trading day on Tuesday. The Dow managed to hold onto a modest gain while the broader Nasdaq and the SP 500 slid into negative territory. The Dow up by 0.2 percent to 31522 while the Nasdaq down 0.3 percent to 14047.
U.K. stocks advanced on Tuesday as Glencores upbeat trading update as well as a rise in commodity prices boosted miners. The benchmark FTSE 100 up 2.4 percent to 6748.
Indian shares are likely to open a tad lower on Wednesday as investors fret over rising Treasury yields on expectations of a boost in inflation from extraordinary fiscal and monetary stimulus in the United States. The downside if any may be capped by expectations of domestic growth becoming strong. The benchmark BSE Sensex was down by 0.1% at 52104.
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