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

The US stocks moved mostly higher over the course of the trading day on Monday rebounding following the pullback seen in the previous session. With the upward move on the day the Nasdaq and the SP 500 ended the session at new record closing highs. The Dow rose 0.3 percent to 28907 and the Nasdaq jumped 1 percent to 9273.

UK stocks rose on Monday with weakness in the pound and optimism surrounding the U.SChina trade deal helping underpin investor sentiment ahead of the reporting season.The benchmark FTSE 100 was up by 0.4 percent to 7612.

On domestic front Indian markets hit record highs on Monday with IT stocks leading the surge after Infosys delivered a betterthanexpected Q3 performance and said its audit committee has found no evidence of financial impropriety or executive misconduct. The benchmark BSE Sensex surged by 0.6 percent to 41859.

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