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

US Stocks remained mostly positive over the course of the trading session. With the upward move the major averages once again climbed to new record closing highs. Early buying interest was generated in reaction to a report from payroll processor ADP showing private sector employment jumped by much more than expected in the month of December. The Dow Jones is up 0.6% to close at 25075 and the Nasdaq Composite edged up to 0.2% to 7078.

U.K. shares were modestly higher with underlying sentiment helped by rising oil prices as well as betterthanexpected U.K. housing and services data. The FTSE 100 is up by 0.3% to close at 7696.

On domestic front Indian shares rose as firm global cues and encouraging service sector data domestically helped investors shrug off concerns over rising oil prices. The Sensex ended on an upside front of 0.5% at 33970 while the Nifty ended at 10505 with a upside of 0.6%

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