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

US stocks showing a strong move to the upside in last trading session stocks remained firmly positive throughout the afternoon. With the upward move the major averages once again climbed to new record closing highs. The Dow Jones jumped to 0.9% to close at 25803 and the Nasdaq Composite edged up to 0.7% to 7261.

U.K. shares were moving in a narrow range as oil prices dipped and GKN had rejected a takeover bid from Melrose Industries. The FTSE 100 was up by 0.2% to close at 7779.

On domestic front Indian shares hit fresh record highs although overall gains remained modest ahead of Infosys Q3 earnings and readings on consumer inflation and industrial output due later in the day. The Sensex ended on an upside front of 0.3% at 34592 while the Nifty ended at 10681 with an upside of 0.3%.

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