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

US Stocks saw modest weakness throughout much of the trading session on Monday but the major averages ended the day well off their worst levels. The modest weakness on Wall Street partly reflected a negative reaction to earnings news from Goldman Sachs (GS) The Dow edged down 0.1 percent to 26385 and the Nasdaq inched lower 0.1 percent to 7976.

U.K. markets ended mostly flat on Monday with investors reacting to quarterly earnings reports from U.S. bank majors Goldman Sachs and Citigroup Inc. besides tracking news on U.S.China trade talks. The FTSE 100 was flat at 7437.

On domestic front Indian shares ended modestly higher on Monday as the latest readings on industrial output and retail inflation helped reiterate investor expectations for further policy easing by the RBI this year. The benchmark BSE Sensex was ended up by 0.4% to 38906 at the end of trading session.

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