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

The US stocks showed a lack of direction over the course of the trading session on yesterday as traders seemed reluctant to make significant moves ahead of the Federal Reserves highly anticipated monetary policy announcement today. The major averages eventually ended the day in negative territory. The Dow dipped by 0.5 percent at 27071 and the Nasdaq fell by 0.6 percent at 8277.

The UK stocks drifted lower on Tuesday as Brexit uncertainty continued and BP Plc reported a sharp drop in thirdquarter profits. The British parliament rejected a plan by Prime Minister Boris Johnson to organize a snap election; he will make another attempt today to get lawmakers to approve an early national election. The FTSE 100 fell by 0.5 percent to 7295.

On domestic front Indian markets rallied yesterday as Tata Motors extended strong gains from the previous session after reporting betterthanexpected earnings and

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