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

US stocks experienced another lackluster performance during trading on Tuesday eventually closing mixed for the third consecutive session. The major averages recovered from an early move to the downside but still ended the day roughly flat. The Dow rose 0.3 percent to 26909 while the Nasdaq edged down less than a tenth of a percent to 8084.

The UK stocks declined on Tuesday as investors digested weak producer price inflation data from China and a mixed jobs report on the domestic front. The FTSE 100 was down by 0.3 percent to 7212.

On domestic front Indian remain shut on Tuesday on account of Muharram. During the last trading session the benchmark BSE Sensex was surged up by 0.4 percent to 37145.

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