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

US stocks turned higher over the course with the turnaround with the major averages extended the upward move seen over the two previous sessions. The Dow Jones ended up 0.2% to close at 24640 and the Nasdaq Composite edged advanced to 0.5% to 7014.

U.K. shares were subdued on last trading session after data showed U.K. consumer price inflation held steady at 3.0 percent in January yearoveryear missing expectations of 2.9 percent. The FTSE 100 was down by 0.1% to close at 7168.

On domestic front Indian markets remain closed on Tuesday on account of Mahashivratri. Positive cues from global markets helped benchmark indexes recover from their biggest weekly losses since August on Monday. The Sensex ended on an upside front of 0.9% at 34300 while the Nifty ended at 10540 with an upside of 0.8%.

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