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

The US stocks moved sharply higher over the course of the trading session on Wednesday extending the upward trend seen in recent sessions. The rally lifted the Dow and the SP 500 threemonth closing highs while the techheavy Nasdaq continued to close in on the record highs set in February. The Dow surged up 2.1 percent to 26269 and the Nasadq advanced 0.8 percent to 9682.

UK stocks rose on Wednesday amid hopes for a continuous global economic recovery from Covid19 after a private survey showed Chinas services sector returned to growth last month for the first time since January. The FTSE 100 rose by 1.3 percent to 6302.

On domestic front Indian shares followed global peers higher on Wednesday as hopes for Vshaped recovery coupled with expectations of central bank policy support helped investors shrug off rising geopolitical risks. The benchmark BSE Sensex was up by 0.8 per cent to 341

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