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

The US stocks showed a notable move to the upside in early trading on Tuesday but gave back some ground over the course of the session. The major averages pulled back well off the record intraday highs set early in the session although the Nasdaq and the SP 500 still ended the day at new record closing high. The Dow remained as it was at 29277 while the Nasdaq inched up by 0.1 percent to 9639.

UK stocks were notably higher yesterday with basic resource stocks leading the surge as investors seemed reassured by Chinese President Xi Jinpings pledge to win the fight against the corona virus outbreak. The benchmark FTSE100 rose by 0.6 per cent to 7493.

On domestic front Indian followed their global peers higher on Tuesday as the new corona virus cases slowed in China helping ease global growth worries. The benchmark BSE Sensex rallied up by 0.6 percent to 41216.

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