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

The US stocks succumbed to substantial selling pressure over the course of the trading day on Friday after seeing considerable volatility early in the session. The major averages all moved sharply lower after ending the previous session mixed. While the Dow tumbled 2.4 percent to 25628 and the Nasdaq plummeted 3 percent to 7751.

The UK stocks rose notably on Friday as the pound retreated from a threeweek high hit the previous day in reaction to German Chancellor Angela Merkels comments on possible Brexit resolution. The FTSE 100 was up by 0.7 per cent to 7178.

On domestic front Indian shares reversed initial losses to end higher on Friday snapping a threeday losing streak. The benchmark BSE Sensex ended up by 0.6 percent to 36701.

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