Indian markets are likely to open on flat note tracking SGX Nifty and global indices.
The US stocks showed a lack of direction over the course of the trading session on
Tuesday as traders remained reluctant to make significant move ahead of FED Chair
Janet Yellens semiannual testimony before Congress. The SP 500 edged down 0.1
percent to close at 2426 the Dow inched up 0.55 points to 21409 and the
Nasdaq rose 0.3 percent to close at 6193.
The U.K. equity benchmark closed lower on Tuesday as Pearson Plc shares dropped
sharply in the wake of 1billion stake selling news and Marks Spencer group Plc
plunged after disappointment update. The FTSE 100 index UKX 0.55% gave up
0.6% to end at 7330 pulling back after two winning sessions in a row.
Domestic front Markets continued to set records for the second straight session on
Tuesday with both the Sensex and Nifty closing at lifetime highs. Sentiment was also
lifted as investors expect inflation for the month of June
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