Indian markets are likely to open negative tracking global indices and SGX Nifty.
US stocks saw some further upside during the last trading session. The advance on the day lifted the Nasdaq and the SP 500 to new record closing highs. The Dow Jones ended on a flat note at 26211 and the Nasdaq Composite edged up to 7460.
U.K. shares moved higher after the threeday U.S. government shutdown ended and the Bank of Japan maintained its massive monetary stimulus program helping ease worries that it might shift toward a tighter policy. The FTSE 100 was up by 0.2% to close at 7732.
On domestic front Indian shares extended their recent winning streak to close at fresh record highs as firm global markets and growing optimism about Indias economic recovery boosted investor sentiment. The Sensex edged up to 1.0% at 36140 while the Nifty ended at 11084 with an upside of 1.1%.Download Full Report