Indian markets are likely to open positive tracking the global cues, said Angel Broking in its report.

The US markets ended the day with solid gains on Thursday, as investors welcomed a deluge of stronger-than-expected corporate earnings reports and economic data. Comments by Treasury Secretary Steven Mnuchin, who said that President Donald Trump’s tax overhaul plans are not linked to the outcome of a health care bill, also bolstered sentiment. The Dow Jones Industrial Average gained 0.9%, to end at 20,579 while the Nasdaq Composite rose 0.9%, to a record close of 5,917.

The UK markets ended a wobbly session slightly higher on Thursday after a mixed bag of corporate results, including well-received earnings from consumer giant Unilever PLC. The FTSE 100 index rose 0.1% to close at 7,118, bouncing back from the lowest close since Feb. 1 that it logged on Wednesday.

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