Indian markets are expected to open in red tracking SGX Nifty, according to Angel Broking. ''The trend deciding level for the day is 28,174 / 8,538 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 28,276-28,366 / 8,569-8,594 levels. However, if Nifty trades below 28,174 / 8,538 levels for the first half-an-hour of trade then it may correct towards 28,085-27,982 / 8,513-8,483 levels.''

U.S. stocks closed lower on Monday, as investors weighed mostly on the lackluster ISM manufacturing data and renewed decline in the oil. Notably, Apple & Twitter stocks fell 2.4% and 5.6%, respectively.

U.K. stocks edged lower Monday, hurt by selloff in mining stocks, after data showed decline in the factory activity at China, a key market for the group.

Markets closed higher for fourth consecutive session on Monday, aided by ICICI Bank, SBI and ITC. Broader markets outperformed benchmarks with BSE Midcap and Smallcap indices rising 0.5% and 0.9%, respectively.

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