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

The US stocks moved significantly higher over the course of the last trading session with the Nasdaq and the SP 500 reaching new record closing highs. The Dow moved up by 0.3 percent at 28332 while the Nasdaq surged by 1.7 percent to 11665.

UK stocks were subdued on Wednesday as traders turned their attention to Thursdays Jackson Hole meeting during which Fed Chair Jerome Powell is expected to give details on the Federal Reserves framework review. The FTSE 100 dipped by 0.1 percent to 6035.

On domestic front Indian shares rose yesterday despite mixed global cues. Automakers led the surge after the government hinted at a fresh set of stimulus measures once Covid19 subsides. The benchmark BSE Sensex was up by 0.6 percent to 39074.

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