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

U.S. stocks snapped a threeday losing streak and closed higher on Thursday buoyed by data showing a drop in jobless claims last week. Technology stocks posted strong gains contributing significantly to markets strong close. The Dow closed with a fairly decent gain of 0.6 percent at 34084 and the tech laden Nasdaq settled at 13536 gaining 1.8 percent.

U.K. markets were little changed on Thursday as shares of a number of companies traded exdividend. The benchmark FTSE 100 rose by 1 percent to 7020.

Indian shares shares fell for a second straight session yesterday with weak global cues denting sentiment after minutes from the last U.S. Federal Reserve meeting hinted at a possible shift in policy.The benchmark BSE Sensex fell by 0.7 percent to 49565.

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