Technology

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

US stocks saw some further upside over the course of the trading session on Wednesday. The rally on the day came on the heels of the sharp pullback seen in the previous session. The Dow rose by 0.9 percent to 26355 and the Nasdaq surged by 1.3 percent to 7977.

The UK stocks advanced on Wednesday as traders overlooked Tuesday nights parliamentary maelstrom and cheered upbeat service sector data from China showing that activity in the countrys services sector expanded at the fastest pace in three months in August. The FTSE 100 was up by 0.6 percent to 7310.

On domestic front Indian shares recovered some ground on Wednesday after steep losses in the previous session. Firm global cues helped underpin sentiment as investors cheered positive political developments in Italy Britain and Hong Kong. The benchmark BSE Sensex rose by 0.4 percent to 36725.

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