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

The US stocks saw some further upside during the trading session on Monday. With the continued advance on the day the Nasdaq and the SP 500 ended the session at their best closing levels in three months. The Dow was up by 0.4 percent to 25475 and the Nasdaq rose up by 0.7 percent to 9552.

UK stocks rose sharply on Monday after U.S. President Donald Trump announced measures to revoke Hong Kongs special treatment on Friday but left the Phase One trade deal with China intact. The FTSE 100 rose by 1 percent to 6137.

On domestic front Indian shares rallied on yesterday to extend gains for the fourth straight session as firm global cues as well as enthusiasm over easing of lockdown curbs helped investors shrug off weak GDP data released on Friday. The benchmark BSE Sensex surged by 2.7 per cent to 33304.

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