Indian shares are likely to open higher on Monday following gains in the global markets over progress in the US-China trade talks.

Asian shares rose to 14-week highs after the United States and China said on Friday that they had made progress in talks aimed at defusing their protracted 16-month-long trade war, reported Reuters.

Meanwhile, Prime Minister Narendra Modi said that the government is further improving the tax regime.

At 7:00 am, the SGX Nifty was trading 26.5 points or 0.22 percent higher at 11,964, indicating a positive start for the Sensex and the Nifty.

Stocks To Watch: YES Bank, Indiabulls Real Estate, DHFL in focus



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