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

Following the mixed performance seen in the previous session US markets moved modestly higher over the course of the trading day on Friday. With the upward move on the day the Dow and the SP 500 reached new record closing highs. The Dow Jones rose 0.3 percent to 22268 the Nasdaq climbed 0.3 percent to 6448 and the SP 500 edged up 0.2 percent to 2500.

The FTSE tumbled by 1.1 percent on worries over a rising pound which hit a twomonth high against the euro and a oneyear high against the dollar following hawkish comments from the Bank of England. The notable weakness also came after an explosion aboard a subway train in southwest London during rush hour Friday morning which injured at least 22 people in an apparent terrorist attack.

Indian markets ended on a flat note on Friday after falling earlier in the day on renewed geopolitical worries after North Korea fired another ballistic missile o

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