Indian markets are expected to open flat tracking SGX Nifty.
After five trading sessions of losses US markets ended in green as investors were
encouraged by strong earnings from UPS Ford and other big companies. Also US
markets gained on account of steady global markets performance.
FTSE 100 rose 0.8% its first advance in six sessions. U.K. stocks finished higher
Tuesday aided by rally in RSA Insurance Group shares on takeover speculation.
Benchmark Indices ended lower for fourth consecutive session on concerns of capital
outflows after SIT proposed stringent norms for Pnotes. Also investors turned
cautious with US FOMC meet ahead as it would give signals on rate hikes.

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