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

U.S. stocks moved mostly higher during trading on Monday although the techheavy Nasdaq bucked the uptrend. The advance on the day lifted the Dow back within striking distance of last months record highs. the Dow climbed 0.7 percent to 34113 while the Nasdaq fell 0.5 percent to 13895.

U.K. stocks rose on Friday amid economic optimism after data showed house prices in the country jumped at the fastest pace in 17 years. The benchmark FTSE 100 went up by 0.3 percent to 6979.

Indian shares ended narrowly mixed on Monday after a sharp gapdown opening as the Supreme Court urged the Centre and states “to consider imposing a lockdown to break the chain in the interest of public welfare. The benchmark BSE Sensex dipped by 0.1 percent to 48719.

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