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

The US stocks showed a strong move to the upside in morning trading on Monday but pulled back sharply over the course of the afternoon. The techheavy Nasdaq showed a particularly steep drop after reaching a new record intraday high. The Dow was almost flat to end at 26085 and the Nasdaq tumbled by 2.1 percent to 10391.

UK stocks advanced on Monday as earnings optimism as well as reports of positive data in early stage coronavirus vaccine trial helped offset worries about a continued surge in new coronavirus cases in the U.S. with Florida surpassing the 15000 mark of new cases on Sunday. The FTSE 100 rose by 1 percent to 6154.

On domestic front Indian shares ended a volatile session modestly higher on Monday amid positive global cues. The benchmark BSE Sensex jumped as much as 430 points earlier in the day before giving up most of its gainso end the session up by 0.3 percent to 36693

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