Indian markets are likely to open flat tracking global indices and SGX Nifty.
The US stocks closed on a sharp note yesterday despite worries about a surge in coronavirus cases and fresh lockdown measures in parts of Europe and continued uncertainty about a new relief package in the U.S The Dow was up by 0.5 percent to 27288 and the Nasdaq surged by 1.7 percent to 10963.
UK sstocks rose modestly on Tuesday and the pound recovered some lost ground as Bank of England Governor Andrew Bailey downplayed the prospect of negative interest rates in the future. The FTSE 100 moved up by 0.4 at 5825.
On domestic front Indian shares fell for the fourth straight session on Tuesday with rising Covid19 cases at home and concerns about new pandemic lockdowns in Europe denting sentiment. The benchmark BSE Sensex fell by a sharp 0.8 percent to 37734.
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