Indian markets are likely to open flat with positive bias tracking the SGX Nifty and Asian markets.
US stocks had a mixed trading session as traders wait for the release of economic data on retail sales as well as producer and consumer prices. Crude oil prices moved lower by around 1 percent which pushed the NYSE Arca Natural Gas Index and the Philadelphia Oil Service Index down by 1.3 percent and 1 percent respectively. Biotechnology stocks recovered from their previous session with the NYSE Arca Biotechnology Index up by 1.3 percent.
UK stock indices moved up as mining stocks recovered from their previous fall. Miners Anglo American Antofagasta Glencore and BHP Billiton climbed around 2 percent each. Markets also reacted positively to UK retail sales data that showed an increase of 5.6 percent YoY for the month of April.
Indian markets had a flat session as investors booked profits in outperforming counters. The Consumer Durables index closed down 0.63 percent as Titan fell b

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