Indian markets are likely to open flat tracking global indices and SGX Nifty.
The US stocks showed a lack of direction over the course of the trading day on Friday extending the lackluster performance seen in the previous session. The major averages spent the day bouncing back and forth across the unchanged line. The Dow inched up 0.1 percent to 27931 while the Nasdaq dipped 0.2 percent to 11019.
UK stocks eked out modest gains on Tuesday as a new round of Brexit talks began and investors looked ahead to the release of minutes of the U.S. Federal Reserves monetary policy meeting for any clues to policy changes at its September meeting. The FTSE 100 was up by 0.2 percent to 6137.
On domestic front Indian shares posted strong gains on Tuesday with heavyweight Reliance Industries and private banks leading the surge on sustain foreign fund flows and positive cues from global markets. The benchmark BSE Sensex was up by 1.3 percent to 38528.
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