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

The US stocks moved sharply higher over the course of the trading session on Thursday adding to the modest gains posted in the previous session. With the continued upward move the major averages climbed to new record closing highs. The Dow jumped 0.9 percent to 29297 and the Nasdaq spiked 1.1 percent to 9357.

UK stocks fell slightly on Thursday as weak earnings updates from the likes of
Pearson Whitbread and Hays offset investor optimism over a trade truce between the worlds two largest economies.The benchmark FTSE 100 was down by 0.3 percent to 7623.

On domestic front Indian markets ended Thursdays session on a firm note but off record highs reached earlier in the day after the United States and China signed a trade truce helping ease investors concerns of further escalation in the costly conflict. The benchmark BSE Sensex was up by 0.1 percent to 41932.

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