Indian markets are expected to open flat tracking the SGX Nifty and Asian peers.
U.S. markets traded with a positive bias and managed to close marginally higher led by bargain hunting after a decline in two consecutive sessions. Volumes were however low ahead of the Christmas holidays. Traders are likely to watch out for new and existing home sales durable goods orders and personal income and spending.
European markets closed down as Spanish stocks came under pressure and lower oil prices continued to unnerve investors. Stocks in Spain were hit as no party neither the conservatives nor leftwing won a clear majority in Sundays elections.
Indian shares rose sharply as lower crude prices raised hopes of lower inflation and with the governments decision to table the bankruptcy bill in Parliament. Crude prices fell to their lowest level since July 2004 on worries over a supply glut and higher production in the U.S. and elsewhere.

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