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

US stocks ended on a buoyant note on Monday as bargain hunting after recent sharp losses and a report showing acceleration in U.S. manufacturing activity pushed up prices. The Dow surged by 1.6 percent to 26925 and the Nasdaq was up by 0.4 percent to 10958.

U.K. stocks advanced on Monday and the pound slipped amid increased restrictions in England to contain the spread of the coronavirus. Signs of progress in Brexit trade talks and data showing that recovery in the U.K. manufacturing sector continued in October helped underpin investor sentiment to some extent The benchmark FTSE 100 climbed up by 0.4 per cent to 5620.

Indian shares ended with modest gains on Monday to snap a threeday losing streak with betterthanexpected quarterly results from private banks and encouraging auto sales figures offering support. The benchmark SP BSE Sensex moved up by 0.4 percent to 39758

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