Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. stocks closed higher on Monday with major indexes ending at records on growing confidence congressional Republicans will succeed in passing taxcut legislation as early as this week. The Dow Jones Industrial Average rose 0.6% to close at 24792. The Nasdaq Composite Index rose 0.8% to 6995. Meanwhile the National Association of Home Builders monthly sentiment index surged five points to 74 in December its highest reading since 1999.
U.K. bluechip stocks rose Monday riding up alongside U.S. stocks as investors prepared for the possibility a corporate tax cut will be passed by U.S. lawmakers this week. The FTSE 100 index ended up 0.6% at 7537.
The Sensex and Nifty closed higher in Mondays trade after BJP won key polls in Himachal Pradesh and Gujarat. The Sensex tumbled more than 700 points in the first 15 minutes of trade hitting an intraday low of 32595 but later recovered more than 1000
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