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

The US stocks saw some further upside over the course of the trading day on Friday. The major averages added to the gains posted in the previous session with the techheavy Nasdaq reaching its best closing level in well over two months. The Dow surged by 1.9 percent to 24331and the Nasdaq inched up by 0.2 percent to 9121.

UK stocks advanced on Thursday as the Bank of England maintained its key interest rate and refrained from unveiling additional quantitative easing despite the coronavirus pandemic taking its toll on the economy. The FTSE 100 moved up by 0.6 percent to 5890.

On domestic front Indian shares push higher on Friday though markets ended off their days highs after Moodys Investors Service revised downward its growth projection for India to 0 percent for FY21 and cautioned that the countrys sovereign rating could be downgraded if its fiscal metrics weaken materially. The benchma

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