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

US stocks saw the strong upward move in the last trading session while the major averages moved to the downside after ending Wednesday trading at record closing highs. The Dow Jones ended on a downside front of 0.4% at 26018 and the Nasdaq Composite edged up to 7296.

U.K. shares fall for a fourth straight session with pressure on a London Blue chips benchmark and decline in shares of Primark chain operator Associated British Foods. The FTSE 100 was down by 0.3% to close at 7701.

On domestic front Indian shares hit fresh record highs with sentiment helped by firm global cues and media reports that the government is considering a proposal to permit 100 percent FDI in private banks. The Sensex edged up to 0.5% at 35260 while the Nifty ended at 10817 with an upside of 0.3%.

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