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

U.S. stocks fluctuated wildly over the course of the trading session on Wednesday after failing to sustain an initial move to the downside. The major averages pulled back firmly into negative territory in morning trading before staging an unsuccessful recovery attempt in the afternoon. The Dow fell 0.8 percent to 25080 while the Nasdaq tumbled 0.9 percent to 7136.

U.K. shares fell on Wednesday as investors fretted about slowing global growth and awaited the outcome of a makeorbreak cabinet meeting today where Prime Minister Theresa May will try to sell her Brexit deal to her top team. The benchmark FTSE 100 was down by 0.6% to close at 7012.

On domestic front Indian shares gave up earlier gains to end on a flat note Wednesday despite a steep fall in oil prices and appreciation in the rupee. The BSE Sensex was ended flat to 35141.

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