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

US stocks moved mostly lower during trading on Monday giving back ground following the strong performance seen last week. The major averages all moved to the downside with the Dow showing a particularly steep drop. The Dow tumbled 0.9 percent to 29640 and the Nasdaq edged down 0.1 percent to 12199.

UK stocks rose on Monday after facetoface Brexit talks restarted on Saturday raising hopes of a breakthrough. The U.K. and the EU are in the “last leg of negotiations” over a postBrexit trade agreement according to Britains foreign minister. The benchmark FTSE 100 rose by 0.5 per cent to 6396.

Indian share markets were closed on Monday on account of Guru Nanak Jayanti. On Friday the indices ended a tad lower as investors awaited the Q2 GDP print due later in the day for directional cues. The benchmark SP BSE Sensex was down by 0.2 percent to 44150.

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