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

U.S. stocks have turned mixed over the course of morning trading on Monday. While the Dow and the SP 500 have remained in positive territory the techheavy Nasdaq has pulled back into the red. The Dow Jones was up by 0.3% to 25750 and the Nasdaq was down by 0.2% to 7799.

U.K. shares advanced on Monday as gains in the mining sector on optimism over upcoming U.SChina trade talks helped outweigh a profit warning from luxury handbag maker Mulberry. The benchmark FTSE 100 was up by 0.5% to 7599.

On domestic front Indian stocks hit fresh record highs on Monday tracking firm cues from global markets as investors remained hopeful that the U.S.China trade talks this week might help resolve an escalating trade war. The BSE Sensex rose by 0.9% to 38279.

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