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 day on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing slightly lower. The Dow slipped 0.3 percent to 33430 the Nasdaq edged down 0.1 percent to 13698.

UK stocks rallied on Tuesday as upbeat U.S. data released overnight and signs of rising car sales added to investor optimism about an economic recovery. The benchmark FTSE 100 gained 1.2 percent to reach 6817.

Indian shares shares swung between gains and losses on Tuesday before ending the session marginally higher. Metal healthcare FMCG and realty stocks led the gainers while financials and IT stocks succumbed to selling pressure. The benchmark BSE Sensex inched up by 0.1 percent to 49201.

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