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

US stocks moved mostly higher over the course of the trading session extending the strong upward move seen last week. With the gains all three of the major averages reached new record closing highs. The Dow Jones ended on an upside front of 0.5% at 26215 and the Nasdaq Composite edged up to 7408.

U.K. shares were little changed in lackluster trade as investors digested the implications of the U.S. government shutdown and bookmakers shares fell sharply on fears of regulatory clampdown. The FTSE 100 was down by 0.2% to close at 7715.

On domestic front Indian shares hit fresh record highs for the fourth consecutive session with underlying sentiment helped by strong earnings results from Reliance Industries and optimism about an improving economy. The Sensex edged up to 0.8% at 35798 while the Nifty ended at 10966 with an upside of 0.7%.

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