Indian markets are likely to open flat tracking global indices and SGX Nifty.
Following the mixed performance seen last week stocks moved mostly higher during trading on Monday. The major averages all moved to the upside on the day with the techheavy Nasdaq showing a particularly strong advance. The major averages gave back ground going into the close but remained firmly positive. The Dow climbed to 0.5 percent at 34393.98 the Nasdaq surged up 1.4 percent to 13661.17

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