Indian markets are likely to open flat tracking global indices and SGX Nifty.
US stock after ending the previous session sharply higher stocks showed a lack of direction over the course of the trading session on Wednesday. Despite the choppy trading the techheavy Nasdaq reached a new record closing high. The Dow rallied by 0.2 percent to 30154 and the Nasdaq rallied by 0.5 percent to 12658.

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