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

US stocks came under pressure going into the close of trading on Thursday. The major averages pulled back well off their highs. The Dow rose 85.73 points or 0.3 percent to 29969.52 and the Nasdaq edged up or 0.2 percent to a new record closing high of 12377.

UK stocks moved lower yesterday as Brexit talks dragged on without any sign of progress. France warned it could veto a trade deal between the U.K. and the European Union if it doesnt like the terms. The benchmark FTSE 100 dipped by 0.2 per cent to 6449.

Indian shares ended on a flat note yesterday as caution crept in ahead of the Reserve Bank of India (RBI) monetary policy review on Friday. No change is seen on rates though there could be some statement around economic growth liquidity and yields. The benchmark SP BSE Sensex was flat at 44633.

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