Indian markets are likely to open flat with a negative bias tracking subdued overseas market and SGX Nifty.
The US markets remained lackluster during the day and traded in narrow range for most of the day. Finally ending mildly lower. While at higher levels there could be profit taking concerns over increase in interest rates at next weeks Federal Reserve’s meeting also weighed on the markets. The Labor department job data to be released this Friday could set the next direction for the markets.
European markets also remained lackluster on Tuesday as French political worries persisted earnings updates from a series companies came out mixed and economic data Germany Factory orders and U.K house prices disappointed investors.
Indian markets remained in narrow range during Tuesday and closed on a marginally negative note. Metals and Auto stocks witnessed some profit booking. However ahead of UP election results the markets may not see major move in either direction in a day or two

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