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

The US stocks showed a lack of direction over the course of the trading day on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line. The Dow edged up 0.2 percent to 26833 and the Nasdaq rose 0.2 percent to 8119.

The UK stocks rose on Wednesday and the pound held steady after the government lost another Brexit vote. The FTSE 100 rose by 0.4 percent to 7239.

On domestic front Indian market ended a tad higher on Wednesday as Infosys rebounded after witnessing its worst singleday fall in over six years the previous day. Buying in financials and automakers also offered some support. The benchmark BSE Sensex ended up by 0.3 percent to 39058.

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