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Indian markets are expected to open flat tracking SGX Nifty. US market closed mixed on Wednesday with Dowjones closing up by 24 points while the NASDAQ closed down by 17 points. After posting strong gains in the past few trading sessions lack of any major announcement or economic data left the markets direction less. European shares remained weak as investors stayed away from taking positions ahead of crucial meeting by Bank Of England where the apex bank will take the decision regarding the future interest rates. Indian markets remained flat on Wednesday and lacked direction. Though ONGC gained after news of staggered hike in Kerosene prices the gain was negated by weakness in banking stocks and other large stocks like Ultrtaech Power grid and BPCL etc which saw selling pressure.Download Full Report