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

US saw further upside over the course of the trading session. The major averages showed a significant advance after ending the previous session on opposite sides of the unchanged line. The Dow Jones ended on an upside front of 1.4% to close at 25310 and the Nasdaq Composite edged up to 1.8% to 7337.

U.K. shares drifted lower as RBS and IAG fell sharply after releasing their earnings updates. The FTSE 100 was ended on a downside front of 0.1% at 7244.

On domestic front Indian shares rose sharply and the rupee recovered from threemonth lows against the dollar after U.S. government debt yields fell from multiyear highs helping ease investor worries over inflation and interest rates. The Sensex ended on an upside front of 1.0% at 34142 while the Nifty ended at 10491 with an upside of 1.0%.

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