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

The US stocks moved sharply higher over the course of the trading session on yesterday with traders expressing renewed optimism about a U.S.China trade deal. The major averages all finished the day firmly in positive territory. The Dow rallied up by 0.8 per cent to 28132and Nasdaq rose by 0.7 per cent 8717.

UK stocks moved higher on Thursday and the pound drifted higher against its major counterparts as voters head to the polls in the countrys third general election since 2015. The FTSE 100 increased by 0.4 per cent to 7246.

On domestic front Indian shares rose for a second straight session on Thursday after the government brought muchneeded amendments to the Insolvency and Bankruptcy Code (IBC) to ease the insolvency resolution process and promote ease of doing business. The benchmark BSE Sensex increased by 0.4 per cent to 40582.

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