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

U.S. Stocks turned in a mixed performance on Wednesday after moving in opposite directions earlier in the session. While the Dow remained in negative territory the Nasdaq and the SP 500 held on to gains. The Dow Jones dipped by 0.2% to 24657 and the Nasdaq climbed up by 0.7% to 7782.

U.K. stocks were sharply higher yesterday as fears over U.S.China trade war ebbed and oil recovered from losses in the previous session heading into Fridays OPEC meeting in Vienna. Investors also keep an eye on the upcoming Bank of England meeting though no change is expected. The benchmark FTSE 100 was up by 0.3% to 7627.

On domestic front Indian shares ended on a positive note Wednesday to snap a twoday losing streak as investors took trade tensions in their stride and looked ahead to the Bank of England and OPEC meetings for direction. The BSE Sensex rose by 0.7% to 35547.

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