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

The US stocks saw further upside during the trading day on Wednesday. The Dow surged up 2.2 percent to 25548 and the Nasdaq climbed 0.8 percent to 9412.

UK stocks rose rose sharply on Wednesday as travelrelated shares extended gains from the previous session on optimism over the reopening of European economies. Talk of more stimulus from Japan and Europe also bolstered sentiment. The FTSE 100 was up by 1.6 percent to 6161.

On domestic front Indian market rallied on Wednesday with benchmark indexes Sensex and the Nifty posting their biggest singleday gain of the month as banks and financial heavyweights surged amid short covering ahead of Thursdays FO expiry. The benchmark BSE Sensex was down by 3.3 per cent to 31605.

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