Indian markets are likely to open positive tracking global indices and SGX Nifty.
US Stocks moved mostly higher during the trading adding to the gains posted in the previous session. With the continued upward move on the day the major averages climbed to new record closing highs. The continued strength on Wall Street came as upbeat data added to recent optimism about the economic outlook. The Dow Jones is up 0.4% to close at 24923 and the Nasdaq Composite or 0.8% to 7066.
U.K. shares were marginally lower in choppy trade as the pound held firm amid broad dollar weakness offsetting an upbeat trading update from clothing retailer Next Plc. The FTSE 100 is up by 0.3% to close at 7671.
On domestic front Indian shares gave up earlier gains to finish on a flat note despite firm cues from global markets. The Sensex ended on a flat note at 33793 having a slightly downside of 0.1%. The Nifty ended at 10443.
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