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

US stocks showed a lack of direction over the course of the trading day on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line. The Dow slipped 0.1 percent to 30937 and the Nasdaq edged down 0.1 percent to 13626.

U.K. stocks advanced on Tuesday despite the latest set of unemployment figures showing a record number of redundancies. The benchmark FTSE 100 rosel by 0.7 percentage to 6683.

Indian shares succumbed to heavy selling pressure on Monday despite positive cues from global markets. The benchmark BSE Sensex plunged by 1.1 percent to 48348

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