Indian markets are likely to open flat tracking SGX Nifty and global indices.
After seeing a modest strength for much of the session the major US indices lost the ground by closing on Friday. The techheavy Nasdaq pulled back into negative territory while the Dow and the SP 500 remained positive. Nasdaq edged down 0.1 percent to 6140 the Dow rose 0.3 percent to 21350 and the SP 500 closed up 0.2 percent to 2423.
Stocks in the U.K. fell on Friday on a report of paltry economic growth and a rising pound. The FTSE 100 index ended 0.5% lower at 7313 losing grip of a small intraday gain after the pound pulled back from a sixweek high.
India equity markets showed some strength on the first session of the July derivatives series on Friday with the BSE Sensex gaining about 0.21% to 30922 and Nifty gaining 0.18% to 9521 ahead of GST rollout. Indian markets closed positive despite weakness in the global markets. This positive closing reflected the optimistic mood on the street

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