The European markets traded in the green on Tuesday, as investors globally look at the political developments in Russia. The British FTSE was last trading 0.5 percent higher. French CAC was also trading 0.6 percent higher. The biggest European market by volume, German DAX was trading 0.4 percent higher.

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The European markets ended mixed on Monday. DAX and FTSE ended 0.1 percent each, while CAC ended 0.3 percent higher, with the political turmoil in Russia in focus.

Wall Street ended lower on Monday as Fed worries loom and political turmoil in Russia continues. Dow ended marginally lower, while S&P and Nasdaq closed 0.4 and 1.2 percent lower, respectively.

The European markets are also taking cues from their Asian counterparts. Asian markets were trading mixed. Japan's Nikkei was last trading 0.5 percent lower. Hong Kong's Hang Seng and China's Shanghai Composite ended 2.3 and 1.2 percent higher respectively.

At the last count, Brent crude futures were trading 0.5 percent higher at $74.5 a barrel. US West Texas Intermediate futures, too, were trading 0.6 percent higher at $69.8 per barrel.

The Indian indices, Sensex and Nifty 50, extended gains on Tuesday. At the last count, the Sensex was trading 150 points higher, while Nifty 50 was trading above 18,700.

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