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

The US markets moved sharply higher over the course of the trading day on Friday extending the rebound seen over the two previous sessions. The major averages pulled back off their highs going into the close but remained firmly positive. The Dow soared by 1.2 percent to 28015 and Nasdaq rose by 1 percent to 8657.

The UK stocks rose sharply on Friday with hopes for a U.S.China trade deal as well as merger acquisition activity helping underpin investor sentiment. The FTSE 100 increased by 0.9 per cent to 7175.

On domestic front Indian shares fell sharply on Friday with banks and automakers pacing the decliners on concerns about weakening domestic growth and rising inflationary risks. The benchmark BSE Sensex was fell by 0.8 per cent to 40445.

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