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

U.S. stocks showed a lack of direction over the course of the last trading day with traders looking ahead to the Federal Reserves monetary policy announcement on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line. While the Dow closed nearly flat at 33985 the techheavy Nasdaq posted a modest loss slipping 0.3 percent to 14090.

U.K. tocks struggled for direction on Tuesday and the pound dipped as Prime Minister Boris Johnson faced a stream of allegations over his conduct during the Covid19 pandemic in the fall of 2020. Investors also awaited the outcome of a U.S. Federal Reserve meeting starting later today with analysts expecting no policy change. The benchmark FTSE 100 was flat at 6958.

Indian shares posted strong gains yesterday with heavyweight metal companies financials and automakers leading the surge amid expectations the ongoing deadly

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