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

U.S. stock markets were closed yesterday.

U.K. shares slumped on Thursday as trade worries resurfaced and investors fretted about the consequences of a nodeal Brexit. The European Court of Justice said in a tweet that it would deliver a ruling on Monday on whether the U.K. can cancel Brexit unilaterally by reversing Article 50. MPs are set to vote on whether to pass Prime Minister Theresa Mays deal on December 11. The benchmark FTSE 100 plunged by 2% to 6784.

On domestic front Indian shares fell for the third straight session on yesterday as traders reduced their long positions ahead of a key OPEC meeting later in the day and state election results due next week. Weak global cues also weighed on local markets. During the last trading session the BSE Sensex plunged by 1.6% to 35312.

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