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

U.S. stocks moved mostly higher over the course of the trading day on Friday. With
the continued upward move the Dow and the SP 500 once again set new record
closing highs. The Dow climbed 0.5 percent to 34201 and the Nasdaq inched up by 0.1 percent to 14052.

U.K. stocks advanced on Friday after new data showed Chinas economy expanded
at its fastest pace on record in the first quarter adding to investor optimism over
economic recovery. The benchmark FTSE 100 climbed 0.5 percent to 7022.

Indian shares gave up some early gains to end slightly higher on Friday as concerns
over a continued surge in Covid19 cases offset firm global cues. The benchmark
BSE Sensex inched up by 0.1 percent to 48832.

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