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

US stocks showed a strong move back to the upside during the trading day on Tuesday with the markets continuing to show intense sensitivity to traderelated news. The Dow rose by 0.8 percent to 25877 and the Nasdaq surged by 1.1 percent to 7786.

U.K. stock market ended higher on Tuesday recovering smartly after the setback in previous session after the U.S. government decided to temporarily ease some trade restrictions on Huawei. The benchmark FTSE 100 closed higher by 0.3 percent at 7329.

On domestic front Indian shares retreated after a highly volatile session on Tuesday with traders booking profits after a steep rise in the previous session. The benchmark BSE Sensex fell by 1 percent to 38970

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