Indian markets are expected to open in red tracking the SGX Nifty, according to Angel Broking. ''The trend deciding level for the day is 27,517 / 8,281 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 27,824 - 28,003 / 8,367 - 8,415 levels. However, if NIFTY trades below  27,517 / 8,281 levels for the first half-an-hour of trade then it may correct towards 27,338 - 27,030 / 8,233- 8,147 levels,'' it added.

Indian markets joined a global sell-off on Monday after bailout negotiations between Greece and its creditors broke down over the weekend.

US markets sharply lower over the course of the trading day on Monday amid continued concerns about Greece.

The European markets ended Monday's session solidly in negative territory after bailout negotiations between Greece and its creditors broke down over the weekend.

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