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

US Stocks initially moved to the downside but regained ground over the course of the trading session on Monday. The major averages climbed well off their worst levels of the day with the Nasdaq and the SP 500 reaching positive territory late in the session. The Dow fell 0.3 percent to 26341.02 while the Nasdaq rose 0.2 percent to 7953.

U.K. markets were subdued on Monday and the pound traded in a narrow range after talks on a Brexit compromise stalled on Friday. The FTSE 100 was down by 0.2% to 7435.

On domestic front Indian shares gave up early gains to end with modest losses on Monday as investors adopted a cautious stance ahead of key corporate earnings announcements due this week and the first phase of 2019 general election beginning on April 11. The benchmark BSE Sensex was ended down by 0.4% to 38700 at the end of trading session.

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