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

The US showed a lack of direction over the course of the trading day on Friday. The major averages spent the day bouncing back and forth across the unchanged line before closing mixed. While the Dow dipped by 0.2 per cent to 26672 the Nasdaq was up by 0.3 percent to 10503.

UK stocks edged higher in choppy trade on Friday with hopes of more stimulus and a Covid19 vaccine helping underpin sentiment as EU leaders prepare to hammer out details of a 750billioneuro recovery fund. The FTSE 100 inched up by 0.2 percent to 6259.

On domestic front Indian shares rrose sharply on Friday to post their fifth straight weekly gains with financials and energy stocks leading the surge. A slew of strong corporate earnings from key index components and firm global cues helped underpin investor sentiment as India breached the mark of one million coronavirus cases. The benchmark BSE Sensex surged by 1.5 percent

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