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

US market were closed due to a Public holiday.

UK stocks closed down reacting to the news of the North Korean nuclear test and the corresponding rising tensions. Mining stocks gained during the session with Fresnillo and Randgold Resources up 2.9% and 2% respectively. Gold prices rallied to almost their year high as investors moved towards safe haven assets due to rising global tensions.

Indian markets corrected on news of the North Korean nuclear test. Almost all indices closed lower for the session. The biggest correction was seen in the IT index which closed down 1 percent. The auto index also reversed some of Fridays gains to close down 0.8 percent. The only sectoral index to close positive was the metal index which closed up 0.26 percent.

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