Indian markets are likely to negative tracking global indices and SGX Nifty.
Following the lackluster performance seen in the previous session stocks moved sharply lower during trading on Monday. With the steep drop on the day the major averages added to the losses posted last week. The Dow down by 2.29 percent to 27685 the Nasdaq down 1.64 percent to 11358.
European stocks ended notably lower on Monday as worries about continued spikes in coronavirus cases across Europe and the U.S. and tougher lockdown restrictions in several countries including the U.K. France Germany and Spain raised concerns about economic recovery. The benchmark FTSE 100 down by 1.16 per cent to 5792.
Indian shares fell sharply on Monday tracking weak global markets as investors kept a close eye on negotiations on a U.S. stimulus package and rising Covid19 cases in Europe and other parts of the world. The benchmark SP BSE Sensex down by 1.3 percent to 40145.
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