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

The US stocks moved moderately higher over the course of the trading session on Wednesday with traders reacting positively to the Federal Reserves monetary policy decision. The Dow went up up by 0.4 percent to 27187 and the Nasdaq inched up by 0.3 percent to 8304.

The UK stocks edged lower on yesterday as the U.K. readied itself for a December 12 general election and retailer Next said sales in September were hit by unusually warm weather. The FTSE 100 dipped by 0.1 percent to 7296.

On domestic front Indian markets continued their bull run on Wednesday amid speculation the government may rationalize the tax structure for equities by Novemberend. The benchmark BSE Sensex increased by 0.4 percent to 40052.

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