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

The US stocks fluctuated over the course of the trading session on Friday but largely
maintained a negative bias. The major averages all finished the day firmly in
negative territory although the techheavy Nasdaq posted a particularly steep loss. The Dow ended down by 0.5 percent to 27682 and the Nasdaq was down by 2.2
percent to 11075.

UK stocks retreated along with U.S. stock index futures on Friday after U.S. Donald
Trump and First Lady Melania tested positive for coronavirus. The FTSE 100 ended
down by 0.7 to 5839.

On domestic front Indian financial markets remain closed on Friday on an account of Mahatma Gandhi Jayanti. On Thursday the Indian shares posted strong gains after the Centre announced new guidelines for reopening of several economic activities and auto sales numbers for September showed significant signs of improvement. The benchmark BSE Sensex surged by 1.6 percent

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