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

US stocks showed a lack of direction over the course of the trading day yesterday. The major averages spent the day bouncing back and forth across the unchanged line. Eventually the major averages ended the day slightly lower with the Dow down by 0.1% at 25807 while the Nasdaq was flat at 7576.

U.K. stocks rose on Tuesday as the pound weakened ahead of Brexit talks with the EU around the divisive Irish backstop. The FTSE 100 rose by 0.7% to 7576.

On domestic front Indian shares rallied on yesterday as investors remained hopeful that Prime Minister would win a second term in the upcoming elections following border conflict with Pakistan. The benchmark BSE Sensex surged by 1.1% to 36442 at the end of trading session.

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