Technology

Indian markets are likely to open negative tracking global indices and SGX Nifty.

The US stocks moved to the upside early in the trading day on Tuesday but showed a significant downturn over the course of the session. The major averages pulled back well off their early highs and firmly into negative territory. Dow fell 0.5 percent to 26807 and the Nasdaq tumbled 1.5 percent to 7993.

The UK stocks were subdued on Tuesday and the pound eased as investors awaited a historic Supreme Court ruling on Prime Minister Boris Johnsons fiveweek suspension of U.K. parliament. The FTSE 100 was down by 0.3 percent to 7321.

On domestic front Indian markets ended a choppy session largely unchanged on Tuesday as investors booked some profits at higher levels after two days of stellar rally post a slew of measures announced by the government last week to boost slowing economic growth. The benchmark BSE Sensex was down by 0.01 percent to 39097.

Download Full Report