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

US stocks ended higher on Tuesday as positive developments on the vaccine front and hopes of a fiscal stimulus outweighed reports showing a surge in coronavirus cases across the country. The Dow ended higher by 0.4 percent at 30174 Nasdaq climbed 0.5 percent to 12583.

UK stocks were little changed in cautious trade on Tuesday amid reports that Prime Minister Boris Johnson will travel to Brussels this week to meet European Commission President Ursula von der Leyen in a last ditch effort to salvage Brexit talks. The benchmark FTSE 100 inched up by 0.1 per cent to 6559.

Indian shares rose modestly on Tuesday to extend recent gains as sustained buying by foreign institutional investors outweighed subdued global cues. The benchmark SP BSE Sensex was up by 0.4 percent to 45609.

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