Indian bourses are likely to open lower on Tuesday as global markets extended losses after China announced plans to impose retaliatory tariffs ranging from 5 percent to 25 percent on 5,140 US products on a target list worth about $60 billion.

US equity benchmarks witnessed the worst trading session since January 3.

Indian benchmark indices slumped 1 percent in the previous session dragged by pharma, auto, and PSU banks. The Sensex settled 372 points lower at 37,091, while the Nifty50 lost 131 points to end at 11,148.

At 06:50 AM, the SGX Nifty was down 61 points, or 0.55 percent, at 11,124, indicating a negative start for the Sensex and the Nifty.

Stocks to watch: Jet Airways, HDFC AMC, Vodafone Idea in focus. Click here to know more.

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