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

U.S. stocks moved sharply higher over the course of the trading session on Thursday. With the gains on the day the major averages extended the strong upward move seen over the two previous sessions. The Dow Jones surged up by 1.1 percent to 25380 and the Nasdaq soared 1.8 percent to 7434.

U.K. shares were little changed in cautious trade on Thursday as the British pound rose sharply on the buzz that the U.K. and the European Union clinched a tentative deal that would grant U.K. companies continued approach to European markets after Brexit. The benchmark FTSE 100 was marginally lower to close at 7123.

On domestic front Indian shares finished marginally lower on Thursday as liquidity concerns and worries over the RBIs autonomy offset continued fall in oil prices and a strengthening rupee on the back of broad dollar weakness in overseas markets. The BSE Sensex was closed flat to 34431.

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