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

U.S. stocks moved modestly higher over the course of the trading session on Wednesday after initially showing a lack of direction. The Dow reached its best closing level in a month. While the Dow Jones increased up by 0.3% to 25199 the Nasdaq was flat at 7854.

U.K. stocks rose for a second straight session on Wednesday and the pound drifted lower to hit its lowest level in 10 months after U.K. inflation data missed forecasts. The consumer price index unexpectedly came in flat at 2.4 percent yearoveryear versus expectations for a 2.6 percent rise raising questions over whether the Bank of England will deliver an August rate hike. The benchmark FTSE 100 was up by 0.7% to 7686.

On domestic front Indian shares fell from record highs to end slightly lower yesterday after Lok Sabha Speaker Sumitra Mahajan accepted a noconfidence motion against the Modi government proposed by the TDP and opposi

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