Indian markets are likely to open positive tracking global indices and SGX Nifty.
US stocks rose on last trading session morning with the Dow Jones Industrial Average making an attempt to reclaim 26000. The Dow Jones ended on an upside front of 1.3% at 26116 and the Nasdaq Composite edged up to 1.0% to 7298.
U.K. shares fell following disappointing earnings updates from the likes of Burberry and Pearson and Informas takeover approach for a rival. The FTSE 100 was down by 0.4% to close at 7725.
On domestic front Indian shares rose sharply to hit fresh record highs after the government cut additional borrowing requirement to Rs 20000cr from Rs 50000cr notified earlier helping ease worries surrounding widening fiscal deficit. The Sensex edged up to 0.9% at 35082 while the Nifty ended at 10789 with an upside of 0.8%.
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