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

US Stocks saw some further upside during trading on Thursday. While the Dow bucked the uptrend the broader Nasdaq and the SP 500 climbed firmly into positive territory. The Dow edged down by 0.1 percent to 24999 while the Nasdaq surged up by 1.4 percent to 7281.

U.K. stocks rose on Thursday with a dovish turn in the Feds policy statement higher oil prices and encouraging earnings updates from the likes of Diageo and Royal Dutch Shell boosting sentiment. The FTSE 100 was up by 0.5% to 6978.

On domestic front Indian shares rallied on Thursday to snap a fourday losing streak after the U.S. Federal Reserve left interest rates unchanged as widely expected and said it would be patient in lifting borrowing costs. Expectations from the interim budget also buoyed sentiment. During the trading session the BSE Sensex was up by 1.9% to 36257.

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