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

The US stocks moved sharply higher over the course of the trading session on Monday largely offsetting the pullback seen last Friday. With the upward move on the day the major averages added to the substantial gains posted last week. The Dow surged up 3.2 percent to 22327 and the Nasdaq soared 3.6 percent to 7774.

UK stocks fell sharply on Monday after officials said that Britons may be subject to some form of lockdown measures for six months or even longer. The FTSE 100 was down by 0.7 percent to 5473.

On domestic front Indian shares tumbled on Monday after four sessions of gains and consolidation. The benchmark BSE Sensex was down by 4.6 percent to 28440.

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