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

The US stocks moved mostly higher over the course of the trading session on Tuesday extending the upward move seen in the previous session. The advance lifted the Nasdaq to its best closing level since February while the Dow and the SP 500 reached threemonth closing highs. The Dow and the Nasadq moved up by 0.6 per cent to 25743 and 9611 respectively.

UK stocks advanced on Tuesday as hopes of economic recovery helped offset jitters over increasingly violent social unrest in the U.S. and rising U.S.China tensions. The FTSE 100 rose by 0.6 percent to 6203.

On domestic front Indian shares posted strong gains yesterday as optimism over gradual easing of the lockdown curbs coupled with positive cues from global markets on hopes for economic recovery helped investors brush off Moodys first rating downgrade for India in 22 years. The benchmark BSE Sensex surged by 1.6 per cent to 33826.

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