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

US stocks saw continued strength during trading on Monday. With the continued advance the major averages all ended the session at new record closing highs. The Dow climbed 0.8 percent to 31386 and the Nasdaq jumped 1 percent to 13988.

U.K stocks rose on Monday as a combination of reduced Italian risks and U.S. stimulus expectations boosted investors appetite for risk. The benchmark FTSE 100 inched rose by 0.5 percent to 6523.

Indian shares hit record highs on Monday amid optimism that falling coronavirus infection rates in different parts of the world and the continued rollout of vaccines will provide a major boost to economic recovery. The benchmark BSE Sensex surged by 1.2 percent to 51349.

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