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

The US stocks showed a lack of direction throughout the trading day on Monday. The major averages spent the day bouncing back and forth across the unchanged line. Eventually the major averages ended the session modestly lower. Dow and the Nasdaq dipped by 0.1 percent each to 26787 and 8048 respectively.

The UK stocks fell yesterday as Brexit concerns lingered and weak Chinese data revived investor concerns about slowing growth The FTSE 100 fell by 0.6 percent to 7205.

On domestic front Indian shares ended Mondays session modestly higher with firm global cues and a spectacular debut for Indian Railway Catering and Tourism Corporation (IRCTC) helping underpin investor sentiment. The benchmark BSE Sensex was up by 0.2 percent to 38214.

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