Indian markets are likely to open flat tracking global indices and SGX Nifty.
US stocks showed a substantial move back to the upside during trading on Tuesday. The techheavy Nasdaq skyrocketed bouncing off a nearly threemonth closing low While the Dow posted a much more modest gain inching up 0.1 percent to 31833 the Nasdaq soared 3.7 percent to 13074 recording its biggest singleday gain since last November.
UK stocks rose on Tuesday after data showed U.K. retail sales returned to growth last month prompted by the prime ministers roadmap to reopening announcement. The benchmark FTSE 100 edged up 0.3 percent to 6741.
Indian shares rose sharply yesterday despite mixed global cues. Dollar weakness easing bond yields and expectations for a swifter economic recovery helped markets reverse their earlier losses. The benchmark BSE Sensex rallied by 1.2 per cent to 51025.
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