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

The US stocks turned in a lackluster performance throughout much of the trading session on Tuesday before coming under pressure going into the close. The major averages all moved to the downside partly offsetting the strong gains posted in the previous session. The Dow fell by 1.6 percent to 24207 and the Nasdaq dipped by 0.5 percent to 9185.

UK stocks fell slightly in cautious trade on Tuesday as investors booked some profits after strong gains the previous day on hopes for a vaccine from U.S. pharma group Moderna coupled with optimism about governments around the world opening their countries up for business. The FTSE 100 inched up by 0.3 percent to 5030.

On domestic front Indian shares rose yesterday with positive global cues on hopes of a vaccine for Covid19 and a rise in rupee on the back of dollar weakness in international markets helping underpin investor sentiment. The benchmark B

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