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

US stocks moved mostly higher during trading yesterday with the Dow and the SP 500 reaching new record closing highs. The techheavy Nasdaq showed a particularly strong upward move after ending the previous session slightly lower. The Dow pulled back well off its best levels of the day but still closed up 0.6 percent to 32486 and the Nasdaq soared 2.5 percent to 13399.

UK stocks edged up slightly on yesterday with commodityrelated shares surging after the U.S. Congress approved one of the largest economic stimulus measures in history. The benchmark FTSE 100 edged up 0.1 percent to 6734.

Indian markets were closed yesterday. On Wednesday the shares rose for the third day running with IT auto metal and healthcare stocks leading the surge on the back of mostly positive global cues after Treasury yields stabilized The benchmark BSE Sensex rose by 0.5 per cent to 51280.

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