Indian markets are likely to open flat tracking global indices and SGX Nifty.

US Stocks moved mostly higher over the course of the trading day on Wednesday. With the upward move the techheavy Nasdaq ended the session at its best closing level in over six months. The Dow ended up 0.01 percent to 26157 and the Nasdaq up by 0.7 percent to 7964.

U.K. markets rose on Tuesday and the pound edged higher for a second straight session as British Prime Minister Theresa May holds lastminute Brexit talks with the leaders of Germany and France to urge them to back her request to delay Brexit again until 30 June. The FTSE 100 was up by 0.3% to 7473.

On domestic front Indian shares fell on Wednesday on growth worries after the International Monetary Fund (IMF) cut its growth forecast for India and the global economy citing heightened trade tensions. The benchmark BSE Sensex was ended down by 0.9% to 38585 at the end of trading session.

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