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

US stocks showed wild swings over the course of the trading session on Friday before ending the day mostly lower. The major averages recovered from an initial move to the downside only to pull back sharply late in the session. The Dow fell by 0.4 percent to 25764 and the Nasdaq plunged by 1.1 percent to 7816.

U.K. stocks ended notably down in negative territory. Worries about trade war rendered the mood bearish early on in the session. Profit taking after three successive days of gains pushed down a few stocks. The benchmark FTSE 100 dipped by 0.1 percent at 7348.

On domestic front Indian shares ended sharply higher on Friday extending gains from previous session with traders indulging in some strong buying ahead of exit polls for the Lok Sabha elections. The benchmark BSE Sensex was ended up by 1.4 percent to 37930.

Download Full Report View Full Report in Browser