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

The stocks moved back to the upside during trading on yesterday. The techheavy Nasdaq showed a particularly strong upward move as some traders cycled back into bigname tech stocks. The Dow was up by 0.5 percent to 26585 and the Nasdaq surged by 1.7 percent to 10536.

UK stocks declined on Monday with travelrelated stocks coming under selling pressure after Britain announced an unexpected 14day quarantine on travelers coming from Spain because of a surge of coronavirus cases. The FTSE 100 dipped by 0.2 percent to 6112.

On domestic front Indian shares ended yesterdays session lower with banks suffering heavy losses on the back of weak earnings from ICICI Bank and Kotak Mahindra Bank and the RBIs warning about rising bad loans due to the coronavirus pandemic. The benchmark BSE Sensex was down by 0.5 percent to 37935.

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