Indian markets are likely to positive tracking global indices and SGX Nifty.
US Stocks after skyrocketing early in the session stocks gave back ground over the course of the trading day on Monday. The major averages pulled back sharply going into the close with the tech heavy Nasdaq tumbling into negative territory. The Dow soared 3.0 percent to 29157 and the Nasdaq corrected by 1.5 percent to 11713.
U.K. stocks closed on a buoyant note on Monday as stock prices went on a trip up north on widespread buying thanks to encouraging news on the coronavirus vaccine front and on positive reaction to Democrat Joe Biden win in the U.S. Presidential election. The benchmark FTSE 100 rose by 4.7 per cent to 6186.
