Indian markets are likely to open on a flat note tracking SGX Nifty and global indices.
US stock markets turned in a mixed performance on Monday with the major averages closing on opposite sides of the unchanged line for the second straight session. While the Nasdaq slid 0.5 percent to 6110 the Dow climbed 0.6 percent to 21479 and the SP 500 rose 0.2 percent to 2429. The mixed performance on Wall Street came following the release of a report from the Institute for Supply Management showing acceleration in the rate of growth in the U.S. manufacturing sector.
The U.K. markets rose on Monday as oil prices rose for an eighth day after upbeat manufacturing data from China and banks surged higher on expectations they would benefit from higher interest rates going forward. The benchmark FTSE 100 closed up 0.88 percent at 7377 after declining half a percent on Friday.
Indian shares ended with substantial gains on Monday after the GST kicked in on July 1 raising expectations that the big
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