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

U.S. Stocks showed an early move to the upside stocks gave back ground in afternoon trading on Monday but managed to end the day higher. With the gains on the day the major averages extended the rally seen in the previous session. The Dow Jones rose to 24357 and the Nasdaq was up by 0.8 percent to 7265.

U.K. stock market was closed on Monday on account of a bank holiday.

On domestic front Indian shares rose sharply as mixed U.S. jobs data helped ease fears of faster rate hikes by the Federal Reserve amid a caution ahead of Karnataka state elections scheduled to be held on May 12. The BSE Sensex ended on a positive of 0.8% at 35208.

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