Indian markets are likely to open positive tracking global indices and SGX Nifty.

US stocks remain volatile over the course of the trading session before ending the day firmly in positive territory. The Dow Jones ended on upside front of 2.3% to close at 24913 and the Nasdaq Composite edged up to 2.1% to 7116.

U.K. shares fell sharply as a global market rout intensified and the second phase of Brexit talks kicked off in London with the EU Chief Negotiator Michel Barnier repeating his call for more clarity from the U.K. on its position. The FTSE 100 was down by 2.6% to close at 7141.

On domestic front Indian shares opened sharply lower to extend their recent sell off as growing concerns over fiscal slippages and the return of the long term capital gains tax on equities in this budget continued to haunt investors ahead of the RBI policy. The Sensex ended on a downside front of 1.6% at 34196 while the Nifty ended at 10498 with a downside of 1.6%.

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