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

The US stocks saw some further upside during trade yesterday. With the continued upward move the major averages ended the session at new record closing highs The Dow climbed up by 0.7 percent to 28957 and the Nasdaq rose by 0.8 percent to 9203.

UK stocks eked out modest gains on Thursday as U.S.Iran tensions eased and China announced that Vice Premier Liu He will travel to Washington to sign the first phase of the trade deal with the U.S. next week.The benchmark FTSE 100 was up by 0.3 percent to 7598.

On domestic front Indian markets soared yesterday supported by strong global cues reversal in oil prices and a sharp rebound in rupee. Global markets advanced as the US and Iran backed away from the brink of conflict in the Middle East. The benchmark BSE Sensex surged by 1.6 percent to 41452.

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