Indian markets are likely to open negative tracking global indices and SGX Nifty.
US stocks came under pressure over the course of the trading day after initially showing a lack of direction. The pullback on the day came after the major averages moved sharply higher over the two previous sessions. The Dow Jones ended on a downside front of 1.2% to close at 25410 and the Nasdaq Composite edged down to 1.2% to 7330.
U.K. shares were modestly higher after house builder Persimmon delivered an excellent performance in 2017 and Comcast Corp the biggest cable operator in the United States offered to pay 31 billion to buy Sky Plc. The FTSE 100 was ended on a downside front of 0.1% at 7282.
On domestic front Indian shares opened higher as investors kept an eye on the GDP data for December quarter due on Wednesday and new Fed Chairman Jerome Powells congressional hearings. The Sensex ended on a downside front of 0.3% at 34346 while the Nifty ended at 10554 with a downside of 0Download Full Report