Indian markets are likely to open flat tracking global markets and SGX NIFTY.
After coming under pressure over the course of morning trading on Friday stocks
regained some ground in the afternoon but still closed modestly lower. The major
averages ended the day in negative territory but well off their worst levels.
The European markets closed on mixed note. While CAC DAX ended lower the UK
market closed higher as a drop in British pound buoyed the outlook for companies
in overseas earnings.
Indian markets remained lackluster on Friday as global markets also remained in
narrow range. Further lower trading sessions in the coming week together with
upcoming results session seems to have played a key role in lower participation by
investors and traders.

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