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

US stocks saw further upside over the course of the trading day on Wednesday. With the advance on the day the major averages ended the session at their best closing levels in over a month. The Dow advanced 0.9 percent to 27137 and the Nasdaq jumped 1.1 percent to 8169.

The UK stocks rose sharply on Wednesday as investors cheered signs of a thaw in the U.S.China trade dispute. The FTSE 100 was up by 0.8 percent to 7327.

On domestic front Indian market opened a tad higher on Wednesday tracking firm cues from other Asian markets as U.S.China tensions ebbed and investors awaited key central bank policy announcements including the European Central Bank on Thursday and the U.S. Federal Reserve next week. The benchmark BSE Sensex was surged up by 0.4 percent to 37270.

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