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

US stocks showed a lack of direction over the course of the trading session on Tuesday before eventually ending the day modestly higher. The SP 500 reached a new record closing high while the Dow ended the session at a ninemonth closing high. The Dow rose by 0.3 percent to 26787 and the Nasdaq inched up by 0.2 percent to 8109.

U.K. stocks shrugged off weak regional leads to edge higher on Tuesday with financials and energy stocks leading the surge. The FTSE 100 was up by 0.5 percent to 7535.

On domestic front Indian shares fluctuated before finishing modestly higher on Tuesday amid mixed global cues and ahead of this weeks Union Budget.The benchmark BSE Sensex was up by 0.3 percent to 39816

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