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

The US stocks moved sharply higher during trading on Friday following the release of a Labor Department report showing an unexpected jump in employment in the month of May. With the rally on the day the techheavy Nasdaq reached a new record intraday high. The Dow spiked 3.2 percent to 27110 and the Nasadq jumped 2.1 percent to 9814.

UK stocks fell slightly yesterday as markets took a breather after recent sharp gains on hopes for a swift economic recovery from the coronavirus pandemic. The FTSE 100 fell by 0.4 percent to 6357.

On domestic front Firm global cues on expectations of economic recovery and further stimulus helped Indian shares end sharply higher for the day on Friday. The benchmark BSE Sensex was up by 0.9 per cent to 34287.

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