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

US stocks fluctuated after an initial jump but maintained a positive bias throughout the trading session on Thursday before closing significantly higher. The Dow jumped by 0.9 per cent to 26753 and the Nasdaq increased by 0.8 percent to 8051.

U.K. stocks eked out modest gains on Thursday tracking positive cues from other global markets after the U.S. Federal Reserve signaled potential interest rate cuts later this year. The FTSE 100 moved up by 0.4 percent to 7435.

On domestic front Indian shares rose sharply on Thursday taking cues from firm global markets after the U.S. Federal Reserve hinted at a rate cut in the near future to boost growth in the worlds largest economy amid growing uncertainties. The benchmark BSE Sensex surged by 1.3 percent t0 39602.

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