Indian markets are likely to open in flat tracking global indices and SGX Nifty.
U.S. Markets posted modest gains Wednesday extending their recent streak of
advances thats taken all major benchmarks to record levels. The major averages
finished the session just above the unchanged line. The Dow edged up 20 points or
0.1% to 22661.64 the Nasdaq crept up 2.9 points or less than a tenth of a % to
6534.63 and the SP 500 inched up 3.2 points or 0.1% to 2537.74.
The majority of the European markets ended Wednesdays session in the red.
Concerns over further political upheaval in Spain had investors in a negative mood.
Shares of Spanish banks were particularly weak.
Indian Markets rose notably on Wednesday after the Reserve Bank of India (RBI) left
its key interest rates unchanged as widely expected but slashed the statutory
liquidity ratio (SLR) by 50 basis points to spur banks into lending more.

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