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

US stocks showed a substantial move to the upside over the course of the trading day on Friday more than offsetting the sharp pullback seen in the previous session. The major averages all moved significantly higher with the techheavy Nasdaq leading the way. The Dow surged by 3.3 percent to 23433 and Nasdaq escalated by 4.3 percent to 6739.

U.K. stock followed European peers higher on Friday with positive data from Chinas services sector and news of a new round of talks between China and the United States boosting investor sentiment. The FTSE 100 rose by 2.2% to 6837.

On domestic front Indian shares closed higher on Friday to snap a twoday losing streak with financials leading the surge as global growth worries eased and the rupee strengthened on improved risk sentiment after the release of encouraging services sector data from China. During the trading session the BSE Sensex went up by

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