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

U.S. Stocks showed a notable turnaround over the course of the trading day on Wednesday after coming under pressure early in the session. The major averages climbed into positive territory following the release of the minutes of the latest Federal Reserve meeting. The Dow Jones increased by 0.2% to 24886 and the Nasdaq climbed up by 0.6% to 7426.

U.K. stocks fell from a record high reached on Tuesday as a drop in oil prices pulled down energy stocks and investors weighed U.S. President Donald Trumps comments on China and North Korea. Meanwhile U.K. inflation slowed slightly in April data from the Office for National Statistics revealed. The benchmark FTSE 100 was down by 1% at 7788.

On domestic front Indian shares tumbled on Wednesday amid continued selling by foreign funds as oil stayed at multiyear peaks and the rupee traded near 17month low against the dollar ahead of minutes of the Fe

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