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

US stocks moved sharply higher during trading on Wednesday adding to the strong gains posted in the previous session. The major averages all moved to the upside on the day with the techheavy Nasdaq showing a particularly strong advance. The Dow jumped by 1.3 percent to 27848 and the Nasdaq escalated by 1.9 percent to 11591.

U.K. stocks reversed from an early slide to turn higher on Wednesday as the closelyfought U.S. presidential election appeared to be headed into an uncertain phase with a final result not expected for days. The benchmark FTSE 100 rose by 0.9 per cent to 5840.

Indian shares advanced on Wednesday tracking gains elsewhere in Asia and Europe amid bets that a stimulus deal will go through regardless of the U.S. election result. The benchmark SP BSE Sensex moved up by 0.9 percent to 40616.

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