Technology

Indian markets are likely to open flat tracking global indices and SGX Nifty.

The US stocks moved sharply lower over the course of the trading day on Tuesday. With the pullback on the day the major averages partly offset the strong gains posted in the previous session. The Dow tumbled 2.9 percent to 25917 and the Nasdaq plunged 3 percent to 8684.

UK stocks posted strong gains on Tuesday after policymakers across the world indicated that they would take measures to ease the economic impact of the coronavirus outbreak. The benchmark FTSE 100 was up by 2.4 per cent to 6813.

On domestic front Indian shares followed global peers higher on Tuesday after policymakers across the world indicated that they would take measures to ease the economic impact of the coronavirus outbreak. The benchmark BSE Sensex was up by 1.3 percent to 38624.

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