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

US Stocks extended the strong upward move seen over the course of the previous session stocks moved mostly higher during trading on Tuesday. The gains on the day once again lifted the major averages to their best closing levels in two months. The Dow was up by 0.7 percent to 25412 while the Nasdaq edged up by 0.7 percent to 7402.

U.K. markets ended on an upbeat note on Tuesday with indices rising to multiweek highs as investors reacted positively to some buoyant earnings reports. With the focus on earnings investors shrugged off concerns about trade related issues and Brexit and kept picking up stocks. The FTSE 100 was up by 2.0% to 7177.

On domestic front Indian shares rose for a fourth straight session on Tuesday with strong gains in ratesensitive sectors like banking and auto offering support ahead of the RBIs monetary policy meeting. Amid positive global cues investors shrugged o

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