Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. Stocks turned in a lackluster performance during the last trading session. The major averages spent the day bouncing back and forth across the unchanged line before closing mixed. The Dow Jones dipped by 0.2% to 24753 and the Nasdaq climbed up by 0.1% to 7434.
U.K. stocks rose modestly during the last trading session to rebound from two days of losses as the pound selloff resumed amid growing Brexit uncertainty and after the release of firstquarter GDP data. The benchmark FTSE 100 was up by 0.2% at 7730.
On domestic front Indian shares closed higher for a third day running on Monday and the rupee hit a twoweek high as geopolitical worries abated and a steep drop in oil prices helped ease investor worries over inflation and twin deficits. The BSE Sensex closed up by 0.7% at 35165.
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