Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. stocks showed a substantial turnaround over the course of the trading session on yesterday after extending a recent downward trend early in the session. The major averages bounced well off their lows of the session and firmly into positive territory. The Dow went up by 0.8 percent to 25289 and the Nasdaq surged by 1.7 percent to 7259.
U.K. shares advanced on yesterday and the British pound fell against the euro as Brexit Secretary Dominic Raab and Northern Ireland minister Shailesh Vara announced their resignations dealing a severe blow to Prime Minister
Theresa Mays Brexit plans. The benchmark FTSE 100 was up by 0.3% to close at 7056.
On domestic front Indian shares ended modestly higher on yesterday with underlying sentiment helped by falling oil prices a strong rupee and positive cues from other Asian markets. The BSE Sensex rose a little by 0.4% to 35260.
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