Indian markets are likely to open negative tracking global indices and SGX Nifty.
US stocks remain mostly negative in midday trading on Tuesday following the downward move seen earlier in the session. Selling pressure has remained somewhat subdued however limiting the downside for the major averages. The Dow is down 0.2 percent at 26679 and the Nasdaq is down 0.7 percent at 7949.
U.K. stocks fell on Tuesday after the United States slapped sanctions on Tehran and the Iranian government said the measures spell the “permanent closure” for diplomacy between the two nations. The FTSE 100 was down by 0.2 percent to 7406.
On domestic front Indian rose notably on Tuesday to snap a twoday losing streak as oil prices edged lower on concerns over declining crude demand and the rupee held firm on the back of broad weakness in the dollar in the global currency markets. The benchmark BSE Sensex was up by 0.8 percent to 39434.
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