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

The US Stocks showed a substantial turnaround over the course of the trading session on Monday after moving sharply lower at the open. The major averages all climbed well off their early lows and firmly in positive territory. The Dow rose by 0.6 percent to 25763 and the Nasadq increased by 1.4 percent to 9726.

UK stocks closed lower on Monday as fears about a second wave of coronavirus infections after reports showed spikes in new cases in several parts across the world hurt sentiment. The FTSE 100 fell by 0.7 percent to 6065.

On domestic front Indian shares fell sharply on yesterday mirroring losses in other global markets as new coronavirus infections in China Japan and the United States raised concerns of a resurgence of the virus and added to uncertainty about growth outlook. Weak industrial output and retail sales data from China also dented sentiment. The benchmark BSE Sensex plunge

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