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

The US stocks moved notably higher over the course of the trading day on Tuesday. The Dow saw some volatility before eventually joining the broader Nasdaq and SP 500 firmly in positive territory. The Dow rose by 0.9 per cent to 25813 and the Nasdaq increased by 1.9 percent to 10059.

UK stocks fell on Tuesday after GDP numbers for the first quarter came in far gloomier than expected. Gross domestic product fell 2.2 percent sequentially instead of 2 percent decrease estimated initially. The latest drop was the joint largest contraction since the third quarter of 1979. The FTSE 100 fell by 0.7 percent to 6184.

On domestic front Indian shares pared early gains to end on a flat note Tuesday. While ratesensitive auto and banking stocks gained ground energy and healthcare stocks paced the declines ahead of Prime Minister Narendra Modis address to the nation later in the day. The benchmark BSE Sensex

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