Indian markets are likely to open negative tracking global indices and SGX Nifty.
US stocks gave back ground over the course of the trading day on yesterday after showing a notable move to the upside early in the session offsetting the moderate weakness seen in the previous session. The major averages pulled back well off their best levels of the day but remained in positive territory. The Dow climbed inched up by 0.2% to 26092 and the Nasdaq was up by 0.4% to 7554.
U.K. stocks were modestly higher on Monday as investors digested the latest headlines on SinoAmerican trade negotiations and assessed progress in the Brexit talks. The FTSE 100 was inched up by 0.1% to 7183.
On domestic front Indian shares rose sharply on yesterday to wipe out entire losses of 2019 as banks and IT companies surged on the back of positive global cues. The BSE Sensex surged by 1% to 36214 at the end of trading session.
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