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

U.S. stocks fluctuated over the course of the trading day. The major averages bounced back and forth across the unchanged line before closing firmly in positive territory. The Dow Jones rose by 0.4% to close at 24895. The NASDAQ gained 0.4% to close at 7428.

U.K. stocks were modestly higher as trade war fears eased somewhat and investors looked ahead to the European Central Banks closely watched policy decision later in the day for direction. The FTSE 100 was up by 0.6% to end at 7203.

On domestic front Indian shares rebounded from six days of losses as trade tensions showed signs of easing amid expectations that U.S. trade tariffs are likely to be differentiated by country and product. BSE Sensex closed up by 1.0% at 33352.

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