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

The US stocks moved sharply higher over the course of the trading day on Wednesday after fluctuating early in the session. With the rally on the day the major averages ended the session at their best closing levels in nearly a month. The Dow surged by 3.4 percent to 23434 and the Nasdaq rose by 2.6 percent to 8091.

UK stocks slipped into the red on Wednesday after EU leaders failed to agree a deal on how to battle the economic fallout of coronavirus. After 16 hours of talks EU member states finance bosses could not agree on a vision on how to help European economies recover from the coronavirus pandemic. The U.K. death toll from the novel coronavirus rose to 6159.The FTSE 100 fell by 1.6 percent to 5612.

On domestic front Indian shares gave up early gains to end modestly lower on Wednesday as coronavirus worries returned to the fore. Virus worries mounted as the number of confirmed infect

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