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

US stocks showed a significant turnaround over the course of the trading day on Thursday. The major averages all bounced well off their lows of the session and into positive territory. The Dow climbed 0.6 percent to 32619 and the Nasdaq was up 0.1 percent at 12978.

UK stocks edged lower on Thursday with mining and energy stocks succumbing to selling pressure amid renewed concerns over the global economic recovery. The benchmark FTSE 100 slid 0.2 percent to 6702

Indian shares ended deep in the red for the second day running on Thursday as investors grappled with the economic fallout of rising Covid19 cases both at home and abroad with a third wave of the Covid pandemic now advancing swiftly across much of Europe. The benchmark BSE Sensex tanked by 1.5 percent to 48440.

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