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

The US stocks opened higher again on Friday but headed south in the late morning and finished in the red pulling back from record closing highs. The Dow shed 0.46 percent to 28823 and the Nasdaq dipped 0.27 percent to 9178.

UK stocks was little changed on Friday as retailers came under selling pressure offsetting gains in airline stocks.The benchmark FTSE 100 was down by 0.3 percent to 7593.

On domestic front Indian markets rose for the second straight session on Friday with underlying sentiment helped by a deescalation in U.S.Iran tensions. The benchmark BSE Sensex surged by 0.4 percent to 41600.

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