Indian markets are likely to start off on a flat note today tracking global cues and SGX nifty.
The US markets closed lower on Monday as the SP 500 snapped a threeday winning streak after mixed earnings. The trading took a pause after a rally in absence of big news. The Dow Jones Industrial Average fell 19.04 points to end at 20052. The SP 500 shed 0.2% to close at 2293 with energy and telecommunications sectors leading the losses. The Nasdaq Composite slipped 3.21 points to finish at 5664.
The FTSE 100 closed down 16.15 points at 7172 as investors got the jitters over political risks in Europe and the US.
On the domestic turf the Budgetinduced optimism got a leg to stand on as the Sensex on Monday pushed higher for the fourth day by scoring 199 points to close at a four month highs of 28439 on hopes built up that RBI might go in for a rate cut at the Wednesdays policy meet. The NSE Nifty retook the crucial 8800mark on Monday.

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