Indian markets are likely to open on Flat to negative note tracking the SGX Nifty and Global markets.
U.S. stocks fell snapping a long win streak as weakness emerged in the energy and banking sectors. Markets were in a cautious mood after data showed U.S. consumer confidence unexpectedly fell in May the second consecutive monthly decline. The Conference Boards Consumer Confidence Index slipped to 117.9 down from 119.4 in April. Economists expected a reading in the neighborhood of 119.5.
The Dow Jones Industrial Average lost 0.2% at 21029 as banks struggled. The SP 500 index finished down 0.1% at 2413 and the Nasdaq Composite Index closed down 0.1% at 6203.
U.K. stocks closed in the red led lower in part by a slide for British Airwaysparent International Consolidated Airlines Group SA following a computer glitch at the carrier over the holiday weekend. The FTSE 100 dropped 0.3% to end at 7527.
The Indian Equity benchmark hit record closing highs for the fourth day in

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