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

US stocks moved sharply higher over the course of the trading session. With the strong upward move on the day the major averages added to the gains posted in the three previous sessions. The Dow Jones ended up 1.0% to close at 24893 and the Nasdaq Composite edged advanced to 1.9% to 7144.

U.K. shares were trading notably higher after Sky Plc and BT Group had agreed to pay £4.464bn to secure the broadcast rights for the bulk of Premier League football games from the 2019/20 season. The FTSE 100 was up by 0.6% to close at 7214.

On domestic front Indian shares were little changed giving up earlier gains after factory output and retail inflation data painted a positive picture of the economy. The Sensex ended on a downside note of 0.4% at 34156 while the Nifty ended at 10501 with a downside of 0.4%.

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