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

The US stocks showed a lack of direction over the course of the trading session on Friday before ending the day little changed. The major averages spent much of the day bouncing back and forth across the unchanged line before closing mixed. The Dow edged down less than a tenth of a percent to 24465 while the Nasdaq climbed 0.2 percent to 9324.

UK stocks rose sharply on Tuesday after Prime Minister Boris Johnson set out a timetable for businesses as part of moves to ease the coronavirus lockdown. The FTSE 100 was up by 1.6 percent to 6088.

On domestic front Indian market gave up early gains to end slightly lower on Tuesday as concerns about rising coronavirus cases in the country overshadowed positive cues from global markets. The benchmark BSE Sensex was down by 0.2 per cent to 30609.

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