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

The US stocks moved up sharply on Wednesday reacting to President Donald Trumps tweet that raised hopes of a smaller aid package sometime soon. After opening on a firm note stocks kept moving higher as the session progressed and all the major averages ended with handsome gains. The Dow and the Nasdaq climbed 1.9 percent each to settle at 28303 and 11365 respectively.

UK stocks edged lower on Wednesday after U.S. President Donald Trump abandoned Covid19 relief talks saying they will not resume until after the election. The benchmark FTSE 100 dipped by 0.2 per cent to 5939.

On domestic front Indian shares rose for the fifth day on Wednesday with automakers as well as heavyweights Reliance Industries and Tata Consultancy Services leading the surge. The benchmark BSE Sensex rose by 0.8percent to 39878.

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