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

The US stocks remained mostly lower throughout the trading yesterday. With the drop on the day the Dow and the SP 500 gave back ground after ending the previous session at their best closing levels in over a month. The Dow fell by 0.5 per cent to 26735 and the Nasdaq decreased by 0.7 percent to 10474.

UK stocks moved lower on Thursday as U.S.China tensions intensified and a slew of Chinese data offered a mixed picture of the worlds secondlargest economy amid coronavirus headwinds. The FTSE 100 fell by 0.9 percent to 6235.

On domestic front Indian shares rose sharply yesterday as IT major Infosys reported better than expected earnings for the June quarter and data showed that India recorded a trade surplus in June for the first time in more than 18 years. The benchmark BSE Sensex surged by 1.2 percent to 36472.

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