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

The US stocks showed a strong move back to the upside during trading on Friday. The Dow surged up 1.4 percent to 26075 and the Nasdaq climbed 0.7 percent to 10617.

UK stocks eked out modest gains on Friday even as coronavirus cases surged in the U.S. and record spikes of infections in Hong Kong and Tokyo fueled fears of a second wave hitting Asia. The FTSE 100 was up by 0.4 percent to 6072.

On domestic front Indian shares ended modestly lower on Friday tracking weak global cues and amid profit taking after the recent rally as Tata Consultancy Services (TCS) Indias largest software services firm kick started the earnings season for the June quarter. The benchmark BSE Sensex was down by 0.4 per cent to 36594.

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