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

U.S. stocks saw further upside over the course of the trading day on Wednesday. The major averages climbed firmly into positive territory further offsetting the weakness seen last week. The Dow surged up by 2.5 percent to 25366 while Nasdaq spiked by 3.1 percent to 7291.

U.K. shares were moving lower on Wednesday after British Prime Minister Theresa May reportedly backed down in a key Brexit battle with Parliament in the face of protests from politicians. The benchmark FTSE 100 was down by 0.1% to 7011.

On domestic front Indian market ended modestly higher on Wednesday to extend gains for the third consecutive session on the back of positive global cues and shortcovering ahead of the expiry of derivative contracts due Thursday. During the last trading session the BSE Sensex was up by 0.6% to 35716.

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