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

The US stocks saw some further upside during trading on Friday. With the continued upward move the major averages once again ended the session at new record closing highs. The Dow rose 0.3 percent to 28455 and Nasdaq 0.4 percent to 8925.

UK stocks held steady on Friday as investors awaited a parliamentary vote on the Brexit deal later on Friday. The FTSE 100 increased by 0.4 per cent to 7574.
On domestic front Indian shares ended Fridays session marginally higher as Fitch Ratings reaffirmed Indias sovereign credit rating at the lowest investment grade but cut its growth forecast for the country to 4.6 percent for the 201920 fiscal from the previous estimate of 5.6 percent citing a squeeze in credit availability from nonbanking financial companies (NBFC) and deterioration in business and consumer confidence. The benchmark BSE Sensex was up by 0.02 per cent to 41682.

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