Indian markets are expected to flat tracking the SGX Nifty and mixed global cues.
US markets closed mixed with the Dow rising for a fifth consecutive session led by gains in energy stocks. Crude oil prices continued to rocket higher finishing the day at the highest levels of 2016 on speculation that U.S. output has dwindled.
European markets meanwhile ended marginally in the red led by profit booking following three weeks of gains. Disappointing German factory orders data and weak Eurozone investor confidence also weighed on investor sentiment. Investors also remained cautious ahead of the European Central Bank policy meeting on Thursday.
After three consecutive sessions of strong gains the Indian markets took a pause and closed flat with Sensex and Nifty gaining by 39 and 10 points respectively. Hopes of rate cut and important announcement by RBIs relation of banks Tier I capital continued to play a positive role in buyers interest in the PSU banks.

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