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

U.S. stocks fluctuated over the course of the final trading day of 2018 on Monday before ending the session notably higher. The major averages all closed firmly in positive territory after turning in a mixed performance last Friday. The Dow surged by 1.2 percent to 23327 and the Nasdaq rose by 0.8 percent to 6635.

U.K. shares were moving in a narrow range yesterday after reports that the Brexit deadline may be pushed back if Prime Minister Theresa Mays deal fails to get approved by Parliament in January. The benchmark FTSE 100 dipped by 0.1% to 6728 during the last trading session.

On domestic front Indian markets gave up early gains to finish on a flat note on Monday after oil prices rose around 2 percent following soothing comments from both the U.S. and Chinese presidents praising progress in trade talks. During the last trading session the BSE Sensex was flat at 0.0% with a marginal fall

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