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

U.S. Stocks showed a notable move to the upside over the course of the trading day. The rebound on the day came on the heels of the pullback seen in the previous session. The Dow Jones ended up by 0.4% to 24216 and the Nasdaq showed upside move by 0.8% to 7503.

U.K. stocks fell slightly as trade worries persisted and Bank of England Deputy Governor Jon Cunliffe warned about high levels of household debt saying households that have high debt could be badly affected in a recession. The benchmark FTSE 100 was down by 0.2% to 7606.

On domestic front Indian shares closed lower on Thursday and the rupee for the first time breached the 69 per dollar mark as escalating trade war concerns coupled with fresh worries over the impact of high oil prices on inflation current account deficit fiscal deficit and capital inflows dented investors appetite for risk. The BSE Sensex ended down by 0.5% to 35038

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