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

US stocks closed modestly higher on Tuesday as investors continued to hope the lawmakers will eventually agree on a stimulus plan sometime soon. The Dow went up by 0.4 percent to 28309 and the Nasdaq moved up by 0.3 percent to 11516.

UK stocks rose yesterday and the pound fluctuated versus the euro amid a lack of progress in the Brexit talks. The benchmark FTSE 100 was up by 0.3 per cent to 5900.

On the domestic front Indian shares rose for the third day running on Tuesday as earnings optimism coupled with signs that Covid19 cases in India are decreasing helped investors shrug off muted global cues. The benchmark SP BSE Sensex rose by 0.3 percent to 40544.

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