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

The US stocks moved sharply higher during trading on Monday more than offsetting the weakness seen in the previous session. With the upward move on the day the major averages reached their best closing levels in a month. The Dow surged by 1.4 percent to 28149 and the Nasdaq jumped by 2.3 percent to 11332.

UK stocks rose on Monday with rising crude prices an easing of the worst fears about U.S. President Donald Trumps health and hopes for one last economic stimulus before the U.S. election helping underpin investor sentiment. The FTSE 100 rose by 0.7 per cent to 5941.

On domestic front Indian shares advanced yesterday mirroring firm cues from Asia and Europe as investors cheered prospects of U.S. President Donald Trumps early hospital discharge as well as signs of progress in negotiations over fresh U.S. stimulus measures. The benchmark BSE Sensex rose 0.7 percent to 38974.

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