Indian markets are likely to open flat tracking global indices and SGX Nifty.
The US stocks move sharply higher on early trading continuing to recover from the sell off. The major averages has given some ground since then but remain firmly in positive trend. The Dow is up by 1.1 percent to 26152 and the Nasdaq jumped by 1.3 percent to 7996.
The UK stocks rose on risk appetite as US treasury yields bounced back. FTSE 100 increased by 0.9 percent to 7168 as expectations grew of further stimulus by central banks.
On domestic front Indian shares ended of their days high. The benchmark BSE Sensex inched up by 0.1 percent to 37402.
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