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

In the U.S. markets technology stocks helping to lead the way higher the techheavy Nasdaq and the SP 500 closed in positive territory on Monday. Both indexes reached new record closing highs although the narrower Dow closed slightly lower. While the Dow edged down 0.2 percent to 33982 the Nasdaq advanced 0.9 percent to 14139.

U.K. stocks were little changed in cautious trade on Monday as a firmer pound weighed on heavyweight exportoriented companies. The benchmark FTSE 100 was flat at 6936.

Indian shares rose sharply on Monday and the rupee gained ground as investors cheered positive earnings updates and the U.S. announcement that it would remove bottlenecks in the export of raw materials essential for the production of vaccines in India. The benchmark BSE Sensex surged by 1.1 percent to 48387.

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