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

The US stocks turned in a relatively lackluster performance yesterday as traders stuck to the sidelines ahead of the Federal Reserves highly anticipated monetary policy announcement on Wednesday. The major averages eventually ended the session mixe. While the Dow inched up 0.1 percent to 27221 the Nasdaq fell by 0.4 percent to 8293.

U.K. stocks rose sharply on Monday thanks to a weaker pound after the government ramped up its preparations for a nodeal Brexit in October. The British pound slid to a twoyear low against the dollar after Chancellor Sajid Javid said he would announce an urgent spending blitz to prepare for a nodeal departure on Oct.31. The FTSE 100 was up by 1.1 percent at 7632.

On domestic front Indian shares fell again yesterday after snapping a sixday losing streak in the previous session. Tepid global cues weighed on sentiment as caution crept in ahead of a highlyantici

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