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

U.S. stocks showed wild swings over the course of the trading day on Friday reflecting an extension of the volatility seen in recent sessions. The major averages spent the session bouncing back and forth across the unchanged line and eventually ended the day mixed. While the Dow dipped by 0.3 percent at 23062 the Nasdaq manage to stay in the positive territory and inched up by 0.1 percent to 6584.

U.K. shares are gained strength on Friday mirroring the trend seen across Europe after U.S. stocks rebounded and finished on a firm note. Crude oils rebound after a setback in the previous session also contributed to markets rise. The benchmark FTSE 100 surged by 2.3% to 6734 during the last trading session.

On domestic front Indian markets ended on a buoyant note on Friday extending gains to a third successive session tracking positive global cues and on reports about governments decision to

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