Indian markets are likely to open flat tracking the SGX Nifty and Asian markets.
US markets reacted positively to the French election. However participation was low due to a lack of economic data. Biotechnology stocks rallied during the session with the NYSE Arca Biotechnology Index rising by 2.2 percent. The other significant gainer for the session was the Philadelphia Semiconductor Index which closed up 1.9 percent.
UK stocks had a positive session as higher iron ore prices helped lift mining stocks.The positive results in the French general elections were a positive for European stocks as well. Mining stocks Antofagasta Glencore Rio Tinto Plc and Anglo American climbed between 1 and 2 percent. RollsRoyce rose 1.8 percent after the company said that all businesses performing in line with expectations.
Indian markets closed positive for the session as steel stocks rallied strongly after the Union Steel minister conveyed his commitment to the existing antidumping policy on st

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