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

U.S. stocks fluctuated over the course of the trading session on Tuesday. The major averages spent of the day bouncing back and forth across the unchanged line. The Dow climbed 0.4 percent to 24748 while Nasdaq inched up by just 0.01% to 7082.

U.K. shares were subdued in lackluster trade on Tuesday as oil prices resumed their slide and investors digested a fresh profit warning from Thomas Cook Group. The benchmark FTSE 100 was down by 0.1% to 7027.

On domestic front Indian market rose on Tuesday with a host of factors such as falling oil prices an appreciating rupee and tepid inflation figures boosting investor sentiment. During the last trading session the BSE Sensex was up by 0.5% to 35513.

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