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

US stocks remained mostly positive throughout the trading day on Friday before coming under pressure going into the close. The major averages pulled back sharply in the final hour of trading with the techheavy Nasdaq sliding into negative territory. While the Dow went up by 0.4 percent to 28606 the Nasdaq fell by 0.4 percent to 11672.

UK stocks advanced on Friday as the pound continued to fall against a backdrop of rising coronavirus cases and the climate of uncertainty surrounding the economy. The benchmark FTSE 100 rose by 0.9 per cent to 5885.

On the domestic front Indian shares rose notably on Friday a day after benchmark indexes halted their longest winning streak in nearly six years amid a global selloff on fears of a second wave of Covid19 infections in Europe. The benchmark SP BSE Sensex rose by 0.6 percent to 39982.

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