Indian markets are likely to open positive tracking global indices and SGX Nifty.
The US stocks showed a significant move to the upside during trading on Monday regaining some ground after moving notably lower last week. The major averages all moved sharply higher with the techheavy Nasdaq posting a standout gain. The Dow jumped 1.2 percent to 27993 and the Nasdaq soared 1.9 percent to 11056.
UK stocks closed on a slightly positive note on Friday despite ongoing concerns about Brexit and continued surge in coronavirus cases in several parts of Europe. The FTSE 100 rose by 0.5 percent to 6032.
On domestic front the Indian stock market opened on a buoyant note Monday morning tracking positive cues from Asian markets and higher U.S. index futures amid optimism about coronavirus vaccine. The benchmark BSE Sensex was was down by 0.3 percent to 38756.
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