Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. stocks fluctuated over the course of the trading session on Monday after failing to sustain an initial move to the upside. The major averages showed a lack of direction before closing on opposite sides of the unchanged line for the second consecutive session. While the Dow Jones slid by 0.5 percent to 25317 the Nasdaq rose by 0.3 percent to 7468.
U.K. shares rose yesterday as the pound held weak amid ongoing political uncertainty surrounding Brexit and hopes for more stimulus in China helped lift mining stocks. The benchmark FTSE 100 rose by 0.5 percent at 7082.
On domestic front Indian shares gave up early gains to end lower on Monday as liquidity concerns lingered and the rupee once again slipped against the dollar raising concerns over potential capital outflows. Oil prices also traded firm with Brent crude prices climbing back above 80 a barrel as investor focus returned to impenDownload Full Report