Indian markets are likely to open positive tracking global indices and SGX Nifty.
US Stocks after turning in a lackluster performance early in the session moved mostly higher over the course of the trading day on Monday. With the upward move the major averages reached their best closing levels in two months. The Dow was up by 0.7 percent to 25239 while the Nasdaq surged by 1.2 percent to 7347.
U.K. markets turned in a mixed performance on Monday with investors largely refraining from making significant moves as they awaited further developments on Brexit and U.S.China trade issues. The FTSE 100 was up by 0.2% to 7034.
On domestic front Indian shares fluctuated before finishing modestly higher on Monday led by gains in heavyweight Reliance Industries. Mixed global cues and caution ahead of the RBIs monetary policy review capped the upside. During the trading session the BSE Sensex was up by 0.3% to 36582.
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