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

US stocks regained some ground over the course of the trading day on Friday but remained firmly in negative territory. With the drop the Dow and the Nasdaq pulled back further off the record intraday highs set in early trading on Thursday. The Dow fell by 0.6 percent to 30814 and the Nasdaq was even lower by 0.9 percent to 12999.

U.K. stocks fell modestly on Friday as the pound edged up against the euro on optimism over a faster rollout of vaccines and official data showed that Britains economy contracted at a slower than expected pace in November. The benchmark FTSE 100 was almost flat at 6772.

Indian shares ended deep in the red on Friday as concerns over stretched valuation of financial assets coupled with signs of a resurgence of Covid19 cases in countries like Europe and China offset investor optimism over the unveiling of a1.9 trillion US stimulus plan. The benchmark SP BSE Sensex plung

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