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

US stocks showed another strong move to the upside during trading on Thursday. With the continued advance the major averages ended the session at their best closing levels in over a month. The Dow surged up 1.4 percent to 26728 and the Nasdaq spiked by 1.8 percent to 8116.

The UK stocks slipped into the red on Thursday as the pound held steady and several stocks traded exdividend. The FTSE 100 was down by 0.4 percent to 7282.

On domestic front Indian shares ended Thursdays lackluster session slightly lower amid selling in financials a day after the Reserve Bank of India (RBI) mandated commercial lenders to link certain loans to the external benchmarkbased interest rates from October 1. Firm global cues helped to limit the downside to some extent. The benchmark BSE Sensex ended down by 0.2 percent to 36644.

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