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

US stocks still managed to end Mondays trading mostly higher although buying interest was somewhat subdued. The techheavy Nasdaq outperformed its counterparts after underperforming in the previous session. While the Dow inched up by 0.1 percent to 26113 the Nasdaq increased by 0.7 percent to 7845.

U.K. stocks held steady on Monday with banks gaining ground after Hong Kongs leader backed down over an extradition bill following huge protests. The ongoing Conservative leadership contest as well as upcoming interest rate decisions from three major central banks also remained on investors radar. The FTSE 100 was marginally higher by 0.2 percent to 7357.

On domestic front Indian shares tumbled on Monday with a slew of factors such as rising oil prices worries over liquidity in the system and the slow progress of monsoon rains keeping investors worried. During the trading session benchmark BSE

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