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

U.S. stocks fluctuated over the course of the first trading day of 2019 on Wednesday after recovering from an initial move to the downside. The Dow inched up by 0.1 percent to 23346 and Nasdaq was up by 0.5 percent to 6666.

U.K. stock stocks succumbed to heavy selling pressure on Wednesday tracking weak Asian markets as weak manufacturing data from China added to investor concerns over slowing global growth. The FTSE 100 inched up by 0.1% to 6734.

On domestic front Indian markets fell sharply on Wednesday tracking weak cues from Asia and Europe as the U.S. government shutdown entered its 12th day and manufacturing data from China disappointed investors. During the trading session the BSE Sensex fell by 1% to 35891.

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