Indian markets are likely to open positive tracking global indices and SGX Nifty.
The US stocks moved sharply higher over the course of the trading day on Tuesday. With the strong upward move on the day the major averages reached their best closing levels in over a month. The Dow rose by 2.4 percent to 23950 and the Nasdaq jumped by 4 percent to 8516.
UK stocks gave up early gains to turn lower on Tuesday with travelrelated stocks bearing the brunt of the selling amid signs that the country will extend the lockdown by another three weeks to May 7th. The FTSE 100 fell by 0.5 percent to 5813.
On domestic front local markets were closed yesterday on account of Ram Navmi.
On Monday Indian shares fell sharply with ratesensitive financials auto and realty stocks pacing the decliners after the minutes of the MPC meeting on 27 March released on Monday noted that a mega economic package of nearly Rs 1.7 lakh crore announced on 26 March to tackle the Covid19 lockdown w
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