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Indian markets are likely to open flat. After showing good momentum in the last few trading session the US markets ended the day lackluster. Lack of key economic data announcement kept investors and traders cautious and hence there was no proper direction to the market. Further it seems the presidential election is making people more cautious. European markets ended with modest gain. Though investors remained watch full over the outcome of the meeting of European Central Bank major indices ended the day with gains. The Indian markets witnessed some consolidation on Wednesday after strong momentum over the last few days. While selective stocks witnessed buying other saw profit booking. Banking stocks were in buying interest during the day further ICICI Bank which got SEBI nod for its IPO of Insurance business also was in limelight.Download Full Report