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

US moved modestly higher during trading on Wednesday adding to the slim gains posted in the previous session. While the Dow ended the day nearly unchanged the broader Nasdaq and SP 500 moved to the upside. The Dow was down by 0.1 percent at 31060 and the Nasdaq climbed 0.4 percent to 13129.

U.K. stocks advanced on Wednesday as rising crude prices lifted energy stocks. The upside remained capped by a stronger pound after Bank of Englands Governor Andrew Bailey played down expectations of negative interest rates. The benchmark FTSE 100 rose by 0.2 per cent to 6768.

Indian shares ended a choppy session modestly lower on Wednesday with financials pharma and heavyweight Reliance Industries pacing the declines The benchmark SP BSE Sensex dipped by 0.1 per cent to 49492.

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