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

The US stocks showed a strong move to the upside during trading on Friday. With the upward move on the day the major averages all reached new record highs. The Dow jumped 0.8 percent to 28004 and Nasdaq climbed 0.7 percent to 8540.

The UK stocks rose on Friday with miners leading the surge after White House economic adviser Lawrence Kudlow told reporters the U.S. and China are getting close to a phase one agreement on trade. The FTSE 100 was up by 0.3 percent to 7312.

On domestic front Indian shares rose on Friday though markets ended off their days highs owing to losses in the automobile and energy sectors. Gains in banking telecom and metal stocks supported the upmove. The benchmark BSE Sensex rose by 0.2 per cent to 40357.

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