Indian markets are likely to open on a flat note considering global cues.
US markets lost ground on Friday but closed positive for the week. Investors cut positions due to negative sentiment from higher than expected consumer prices for the month of August. Gold and airline indices were the losers for the session posting losses of around 2% and 1.9% respectively.
European markets closed lower on Friday after financial closed sharply lower for the day. Deutsche Bank fell nearly 8% after news that the US Department of Justice would fine the bank 3.4 bn due to its role in misselling mortgage backed securities. Royal Bank of Scotland (RBS) dropped nearly 4.6% to make it the FTSE’s biggest faller while Barclays (BARC) and Standard Chartered (STAN) both fell 2.5%.
Indian markets closed higher for a third consecutive session on Friday. Most sectoral indices closed higher at the end of the session with the metal index being the only major loser. Inflation for the month of August also c

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