Indian markets are likely to open flat tracking global indices and SGX Nifty.
The US markets were closed yesterday.
UK stocks rallied sharply on Monday and most importantly held on to their gains and closed on a high note as investors indulged in some hectic buying almost across the board after recent setbacks. The FTSE 100 escalated by 2.4 percent to 5937.
On domestic front the Indian stock market staged a smart recovery Monday morning but eased again due to lack of support at higher levels. The benchmark BSE Sensex inched up by 0.2 percent to 38417.
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