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

The US stocks moved modestly higher during trading on Thursday following the lackluster performance seen in the previous session. With the upward move the major averages once again ended the session at new record closing highs. The Dow climbed 0.5 percent to 28376 and Nasdaq advanced 0.7 percent to 8887.

UK stocks edged up slightly on Thursday as investors shrugged off the vote in the U.S. House to impeach President Trump and awaited the Queens Speech as well as the Bank of Englands meeting. The FTSE 100 increased by 0.2 per cent to 7552.

On domestic front Indian shares eked out modest gains on Thursday with benchmark indexes Sensex and Nifty logging fresh record highs for a third straight session after China announced a list of United States (US) chemicals that will be exempted from import tariffs starting Dec. 26. This comes under a week after Beijing and Washington agreed a phase one trade

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