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

The US stocks moved mostly higher during trading on Monday with strength among tech stocks once again contributing to an advance on Wall Street. The techheavy Nasdaq jumped to a new record closing high while the SP 500 ended the session at its best closing level in well over five months. The Dow advanced 0.9 percent to 26664 and the Nasdaq surged up 1.5 percent to 10902.

UK stocks were fluctuating on Monday as a slide in HSBC shares offset investor optimism over data showing a jump in Chinese and domestic and factory activity. The FTSE 100 plunged by 1.5 percent to 5898.

On domestic front Indian shares fell sharply on Monday to extend recent losses with mixed global cues foreign fund outflows and rising Covid19 cases in the country weighing on sentiment. The benchmark BSE Sensex fell by 1.8 percent to 36939.

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