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

The US kept climbing higher to eventually close on a high note on Friday. The Dow ended up 1.11 percent at 23775 and the Nasdaq settled up 1.65 percent at 8634.

UK stocks fell sharply on Friday after the experimental coronavirus treatment remdesivir reportedly failed in its first randomized clinical trial. Weak retail sales data also spooked markets. The FTSE 100 was fall by 0.9 percent to 5771.

On domestic front Indian shares tumbled on Friday with tepid cues from global markets and rising coronavirus infections in India keeping investors nervous. The benchmark BSE Sensex fall by 1.7 per cent to 31327.

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