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

US Stocks failed to sustain an initial move to the upside and spent the better part of Tuesdays trading showing a lack of direction. The major averages bounced back and forth across the unchanged line before closing slightly lower. The Dow dipped by 0.1 percent to 26049 and the Nasdaq was flat at 7823.

U.K. stocks were moving higher on Tuesday as hopes of more stimulus for Chinas slowing economy helped push mining stocks higher. The FTSE 100 was up by 0.4 percent at 7407.

On domestic front Indian shares eked out modest gains on Tuesday with gains in rupee and positive global cues offering some support. During the trading session benchmark BSE Sensex was up by 0.4 percent to 39950.

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