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

U.S. stocks gave back some ground in morning trading before moving back to the upside in the afternoon. The rally on Wall Street came following the selloff seen last week. The Dow Jones closes up to 2.8% to close at 24203. The NASDAQ soared by 3.3% to close at 7221.

U.K. stocks were modestly higher as concerns eased over the U.S. action of selective imposition of import tariffs. The FTSE 100 was down by 0.5% to end at 6889.

On domestic front Indian shares ended on a strong note as concerns eased over the U.S. action of selective imposition of import tariffs. The BSE Sensex ended up by 1.4% at 33066.

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