Indian markets are likely to open flat tracking global indices and SGX Nifty.
The US stocks initially showed a lack of direction during trading on Friday. Buying interest emerged over the course of the session however leading to a sharply higher close by the major averages. The major averages all closed firmly in positive territory although the techheavy Nasdaq outperformed its counterparts. The Dow surged by 1.3 percent to 27174 and the Nasdaq rallied to upside by 2.3 percent to 10914.
UK stocks edged higher in choppy trade on Friday but were on track to post their second straight weekly declines on concerns about new coronavirus restrictions and worries about a prolonged recovery. The FTSE 100 inched up by 0.2 to 5832.
On domestic front Indian shares rose sharply on Friday with positive global cues boosting sentiment after reports emerged that U.S. Democrats are drafting a new 2.4 trillion relief bill aimed at resuming the stalled stimulus talks with Republicans
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