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

The US stocks showed a significant move back to the upside during trading on Tuesday. The Dow showed a particularly strong upward move reaching its best closing level in a month. The Dow soared by 2.1 per cent to 26643 and the Nasdaq rose by 0.9 percent to 10489.

UK stocks edged lower on yesterday as the return of restrictions in California as well as rising U.S.China tensions dented investors appetite for risk. The FTSE 100 fell by 0.3 percent to 6156.

On domestic front Indian shares ended yesterdays session sharply lower dragged down by banks metals auto and realty stocks amid fears that rising coronavirus cases in the country will bring back lockdown. The benchmark BSE Sensex plunged by 1.8 percent to 36033.

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