Indian markets are likely to open flat tracking global indices and SGX Nifty.
The US indices moved modestly higher over the course of the trading session on Monday adding to the gains posted last week. With the continued upward move the major averages once again climbed to new record closing highs. The major averages all finished the day in positive territory. The Dow advanced 0.4 percent to 22957 the Nasdaq climbed 0.3 percent to 6624 and the SP 500 rose 0.2 percent to 2558.
U.K. stocks swung between small gains and losses on Monday but ended slightly lower with medical firm ConvaTec leading decliners after wiping out a quarter of its market value. The FTSE 100 index closed 0.1% lower at 7527 after a session where it traded within a range of roughly 30 points.
In India Market sentiment was buoyant in a truncated trading week ahead of Diwali and encouraging Q2 earnings from Reliance Industries. BSE Sensex rose 201 points to close at an alltime high of 32634 as investor
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