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

The US stocks saw further upside during trading yesterday after showing a substantial rebound over the course of the previous session. With the upward move the techheavy Nasdaq climbed back within striking distance of last weeks record high. The Dow surged by 2 percent to 26290 and the Nasadq increased by 1.8 percent to 9896.

UK stocks were sharply higher on Tuesday after the Federal Reserve announced it will begin purchases of individual corporate bonds to help the worlds largest economy battered by the coronavirus pandemic. The FTSE 100 spedup by 2.3 percent to 6204.

On domestic front Indian shares followed global peers higher on Tuesday after the U.S. Federal Reserve outlined plans to buy individual corporate bonds to help prop up the economy amid the coronavirus pandemic. The benchmark BSE Sensex rose by 1.1 per cent to 33605.

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