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 Monday extending the strong upward move seen in the previous session. The Dow Jones was increased by 1.3% to 24776 and the Nasdaq rose by 0.9% to 7756.
U.K. stocks were moving higher and the pound also rose against both the dollar and the euro as the resignation of Brexit secretary David Davis helped fuel expectations that a soft Brexit was more likely. The benchmark FTSE 100 inched up by 0.3% to 7641.
On domestic front Indian shares closed higher during the last trading session as investors put trade worries on the back burner and shifted focus to the upcoming earnings season. The BSE Sensex was up by 0.8% to 35935.Download Full Report