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

US stocks moved mostly higher over the course of the trading day on Tuesday extending the upward move seen over the two previous sessions. Optimism about trade talks between the U.S. and China contributed to the continued strength on Wall Street amid a second day of meetings between U.S. and Chinese officials. The Dow surged by 1.1 percent to 23787 and Nasdaq escalated by 1.1 percent to 6897.

U.K. stocks ended Tuesdays session firmly in positive territory. Gains were fueled by hopes for a trade agreement between the U.S. and China. The FTSE 100 rose by 0.7% to 6862.

On domestic front Indian shares rose for a third straight session on Tuesday even as oil extended rebound and caution prevailed ahead of quarterly earnings from IT majors TCS and Infosys due this week. Cues from global markets were mostly positive. During the trading session the BSE Sensex went up by 0.4% to 35980.

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