Indian markets are likely to open in red and remain in negative zone tracking SGX Nifty and Asian indices, said Angel Broking in its report.

US stocks markets have shown a lack of direction over the course of the trading session on Monday, with the major averages spending much of the day hugging the unchanged line. The choppy trading on Wall Street comes as traders seem reluctant to make significant moves ahead of the release of earnings news from a number of big-name companies.

The European markets ended the first session of the new trading week with mixed results. After enduring a choppy trading session, the markets finished little changed overall. Mining stocks were among the best performers following the release of the better than expected Chinese GDP report.

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