Indian markets are likely to open negative tracking global indices and SGX Nifty.
US stocks saw further downside during the last trading session. The weakness on Wall Street was partly due to profit taking with traders cashing in on the recent strength of the markets.The Dow Jones dipped to 1.4% to close at 26077 and the Nasdaq Composite edged down to 0.9% to 7402.
U.K. shares fell for the first time in three days after U.S. bond yields rose on expectations of a rise in real interest rates and a leaked internal report showed Britain will be left worse off under all Brexit scenarios. The FTSE 100 was down by 1.1% to close at 7588.
On domestic front Indian shares ended notably lower as investors waited for cues from Thursdays budget that will be the last full year budget of the government before next years Lok Sabha election. The Sensex ended on a downside front of 0.7% at 36034 while the Nifty ended at 11050 with a downside of 0.7%.Download Full Report