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

The US stocks showed a lack of direction throughout much of the trading day on Thursday before moving sharply higher in the final hour of trading. The lateday rally partly offset the selloff seen in the previous session. The Dow shot up 1.2 percent to 25745 and the Nasadq jumped 1.1 percent to 10017.

UK stocks were little changed on Thursday amid worries about a second wave of Covid19 cases in several U.S. states with Apple announcing that it would close more of its U.S. retail stories starting June 25. The FTSE 100 was down by 3.1 percent to 6123.

On domestic front Indian shares swung between gains and losses before ending on a flat note Thursday amid the expiry of Juneseries futures and options (FO) contracts. The benchmark BSE Sensex was down by 0.1 per cent to 34842.

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