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

US stocks turned lower over the course of the trading session. The major averages reached record intraday highs early in the day but eventually closed in negative territory.The Dow Jones ended on a flat note at 25793 and the Nasdaq Composite edged down to 0.5% to 7224.

U.K. shares were little changed as investor awaited U.K. inflation data due later in the day for direction. The FTSE 100 was down by 0.2% to close at 7756.

On domestic front Indian shares ended slightly lower as concerns over widening fiscal deficit and rising oil prices offset investor optimism over corporate earnings. The Sensex dropped to 0.2% at 34771 while the Nifty ended at 10700 with an downside of 0.4%.

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