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

The US stocks moved mostly higher the course of the trading day on Friday. With the upward move the Nasdaq and the SP 500 reached new record closing highs and the Dow ended the day at its best closing level in over six months. The Dow and the Nasdaq increased by 0.6 percent each to 28654 and to 11696 respectively.

UK stocks on Friday rose early during the day as Fed Chair Jerome Powell announced a major policy shift to average inflation targeting however local markets pared early gains after new data revealed British business confidence improved for the third consecutive month but remained far below the longterm historical average. Therefore FTSE 100 fell by 0.6 percent to 5964.

On domestic front Indian shares rose for the sixth consecutive session on Friday with financials leading the surge as the Federal Reserves dovish message on the future path of interest rates meant that U.S

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