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

US stocks once again recovered from an early move to the downside on Wednesday but showed a lack of direction over the remainder of the session. The major averages spent the afternoon lingering near the unchanged line before closing mixed. While the Dow fell by 0.3% to 25985 the Nasdaq inched up by 0.1% to 7555.

U.K. stocks fell on Wednesday as the pound continued to rise on hopes that Brexit will be delayed. Rising geopolitical tensions between India and Pakistan as well caution ahead of a crucial meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un in Vietnam also kept investors nervous. The FTSE 100 fell by 0.6% to 7107.

On domestic front Indian shares fell for the second day running on Wednesday as tensions between India and Pakistan escalated. The benchmark BSE Sensex dipped by 0.2% to 35905 at the end of trading session.

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