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

The US stocks showed wild swings over the course of the trading day on Friday before eventually ending the session mostly higher. With the upward move the Nasdaq reached a new threemonth closing high and the SP 500 ended the day at its best closing level since early March. The Dow fell 0.1 percent to 25383 while the Nasdaq jumped up by 1.3 percent to 9489.

UK stocks fell on Friday as investors watched the escalating U.S.China conflict over Hong Kong. The FTSE 100 was down by 2.3 percent to 6076.

On domestic front Indian market moved in a tight range on Friday before finishing notably higher despite mixed cues from global markets. The benchmark BSE Sensex was up by 07 per cent to 32424.

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