Indian markets are expected to open flat tracking the SGX Nifty and Asian peers.
U.S. markets closed sharply higher led by better than expected consumer confidence data for December. Volumes were however low ahead of the New years day holiday with many traders remaining on the sidelines.
European markets bounced back after a pull back in the previous session to close firmly in the green. Trading activity remained light in Europe as well ahead of Fridays New Years Day holiday.
Indian markets had a choppy session with markets managing to close barely in the positive. The late recovery was on account of positive European cues. Volumes continued to remain low led on account of the holiday season.

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