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

U.S. stocks gave back some ground in afternoon trading on Thursday. The major averages pulled back off their highs of the session but managed to remain in positive territory. The Dow edged up 0.2 percent to 26439 and the Nasdaq climbed 0.7 percent to 8041.

UK stocks market is up in positive territory Thursday morning even as a few major markets in Europe trade weak amid cautious moves by investors. The FTSE 100 was up by 0.2 percent at 7524.

On domestic front Indian stocks extending previous sessions slide as investors avoided making significant moves after the government hiked import duties on about 19 items aiming to halt the rupees slide. The BSE Sensex dipped by 0.6% to 36324.

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