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

The US stocks saw further upside during trading on Thursday. With the upward move on the day the major averages reached their best closing levels in over a month. The Dow and the Nasdaq moved up by 0.4 percent and 0.5 per cent to 28426 and 11421 respectively.

UK stocks were little changed on Thursday after Bank of England Governor Andrew Bailey said the regulator will use all policy tools to handle the “downside” risks faced by the economy as the country eyes a second wave of the Covid19 crisis. The benchmark FTSE 100 inched up by 0.2 per cent to 5957.

On domestic front Indian shares rose on yesterday to extend gains for the sixth day running with positive global cues and betterthanexpected quarterly numbers from Tata Consultancy Services offering support. The benchmark BSE Sensex rose by 0.8 percent to 40183.

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