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

US stocks continued to experience choppy trading on Wednesday. The major averages once again spent the day bouncing back and forth across the unchanged line. The Dow inched up by 0.1 percent to 33446 while the Nasdaq edged down 0.1 percent to 13689.

UK stocks advanced on Wednesday with a weaker pound and gains in oil and iron ore prices on the prospects for stronger global growth helping underpin sentiment The benchmark FTSE 100 gained 0.8 percent to reach 6880.
Indian shares posted strong gains on
Wednesday after the Reserve Bank of India (RBI) maintained a status quo on policy rates for the fifth consecutive meeting and retained the economic growth projection for the current financial year at 10.5 percent as widely expected. The benchmark BSE Sensex rose by 0.9 percent to 49662.

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