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

U.S. stocks saw some further upside during trading on Tuesday. With the upward move on the day the SP 500 reached its best closing level in five months. The Dow Jones was increased by 0.6% to 24919 and the Nasdaq rose by 0.4% to 7759.

U.K. stocks were little changed in lackluster trade as Brexit concerns remained at the forefront and the days economic data proved to be a mixed bag. The benchmark FTSE 100 inched up by 0.9% to 7693.

On domestic front Indian shares opened higher on Tuesday to extend gains from the previous session as traders bet a fullfledged trade war between the U.S. and its trading partners is unlikely. The BSE Sensex was up by 0.8% to 36240.

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