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

The stocks moved mostly lower over the course of the trading day on Tuesday
largely offsetting the upward move seen in the previous session. The techheavy
Nasdaq posted a particularly steep loss after outperforming its counterparts on
Monday. The Dow slid 0.8 percent to 26379 and the Nasdaq slumped 1.3 percent
to 10402.

UK rose on Tuesday as investors watched progress in U.S. stimulus efforts and
awaited clues from a Federal Reserve meeting. The FTSE 100 was up by 0.4 percent to 6129.

On domestic front Indian shares rose sharply on Tuesday mirroring firm cues from Asia and Europe as investors weighed the possibility of additional fiscal stimulus from the United States against rising coronavirus cases around the world. The benchmark BSE Sensex surged by 1.5 percent to 38493.

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