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

The US stocks moved mostly higher during trading on Monday with the Dow and the SP 500 climbed to their best closing levels in over five months. However weakness among technology stocks contributed to a continued pullback by the Nasdaq. While the Dow surged by 1.3 percent to 27791 the Nasdaq fell by 0.4 percent.10968.

UK stocks were modestly higher in choppy trade on yesterday after U.S. jobs data beat forecasts and a report showed Chinas factory deflation eased in July adding to signs of an economic recovery. The FTSE 100 was up by 0.3 percent to 6047.

On domestic front Indian shares rose on Monday with underlying sentiment helped by firm cues from global markets after U.S. President Donald Trump signed executive orders on Saturday partly restoring enhanced unemployment payments to the tens of millions of Americans who lost jobs in the pandemic. The benchmark BSE Sensex was up by 0.4 perc

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