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

US Stocks moved back to the upside during the trading day on Tuesday. The major averages fluctuated as the day progressed but maintained a positive bias throughout most of the session. The Dow climbed 0.7 percent to 24065 and Nasdaq soared 1.7 percent to 7023.

U.K. stocks rose on Tuesday after China said it would launch more stimulus measures to support the slowing economy and achieve 2019 economic targets. The FTSE 100 was up by 0.4% to 6879.

On domestic front Indian shares rallied on Tuesday to snap a threeday losing streak as tepid retail inflation data fueled hopes of monetary easing. During the trading session the BSE Sensex went up by 1.3% to 36318.

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