Indian markets are likely to open flat tracking global indices and SGX Nifty.
Following the lackluster performance seen in the previous session US markets saw modest strength on Thursday. The major averages all moved to the upside although buying interest was somewhat subdued. The major averages closed in positive territory but well off their highs of the session. The Dow climbed 0.2 percent to 24782 the Nasdaq edged up 0.1 percent to 6965 and the SP 500 rose 0.2 percent to 2685.
The U.K. stocks leapt to a record close Thursday with gains for multinationals helping the bluechips benchmark overcome a sluggish start marked by gloomy updates about British consumer confidence and private consumption. The FTSE 100 index jumped 1% to settle at record close of 7602.
Indian benchmark indices ended flat on Thursday after a choppy session following muted reaction of the Asian markets to the passage of US tax cuts. Meanwhile bonds were spooked by the blowout in government debt needed

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