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

U.S. Stocks pulled back sharply going into the close of trading on Friday. The major averages showed a notable decline but managed to end the day in positive territory. The Dow Jones ended up by 0.2% to 24271 and the Nasdaq showed upside move by 0.1% to 7510.

U.K. stocks rose notably on Friday after the Office for National Statistics revised up its first quarter GDP growth figures to 0.2 percent from 0.1 percent previously and another report showed growth in the U.K.s dominant services sector gained momentum in April. The benchmark FTSE 100 was up by 0.3% to 7636.

On domestic front Indian shares rallied on Friday and the rupee also recovered from a record low hit in the previous session after China eased restrictions on foreign investment in several sectors and EU leaders struck a deal on immigration helping investors shrug off trade tensions albeit temporarily. Oil prices also steadied amid pr

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