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

US stocks fluctuated over the course of the trading session on Friday but managed to end the day mostly higher. With the upward move on the day the major averages all finished the session at new record closing highs. The Dow was up by 0.2 percent to 31098 and the Nasdaq was surged by 1 percent to 13202.

U.K. stocks rose for the fifth day running on Friday after data showed Britains job market strengthened for the first time in three months in December. The benchmark FTSE 100 inched up by 0.2 per cent to 6868.

Indian shares ended sharply higher on Friday. Positive global cues and optimism over the earnings season helped the market. he benchmark SP BSE Sensex rallied by 1.4 per cent to 48783.

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