Indian markets are likely to open with a positive bias tracking the SGX Nifty, said Angel Broking in its report.

US stocks fell as investors reduced positions ahead of the interest rate decision by the Federal Reserve. Analysts expect the Federal Reserve to hike interest rates but remain uncertain over the outlook for further tightening of interest rates. The energy sector remained weak as crude oil prices continued to slip lower.

UK stocks closed slightly negative in spite of an upward revision in Q4CY16 GDP data as uncertainty remains over the upcoming Dutch parliamentary elections. GDP was forecast to expand 1.4 percent instead of 1.1 percent in CY17. However, the projection for 2018 was reduced to 1.3 percent from 1.4 percent.

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