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

The US stocks showed a mixed performance yesterday and ended the day and finished the day mixed. The Dow climbed well off its worst levels of the day but still finished the session down 0.2 percent at 28248.44. Meanwhile the Nasdaq advanced 0.8 percent to 11466.47

UK stocks edged higher on Tuesday after Washington and Beijing signaled progress on the first phase of their trade deal and U.S. biotechnology company Moderna Inc. said it has concluded advanced exploratory talks to provide 80 million doses of its experimental coronavirus shot to the European Union. The FTSE 100 inched up by 0.2 percent to 6113.

On domestic front Indian shares ended little changed on Tuesday in spite of positive global cues following impressive German data positive news on the coronavirus front and signs of progress in U.S.China trade negotiations. The benchmark BSE Sensex inched up by 0.1 percent to 38844.

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