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Indian markets are expected to open on a Flat note tracking the SGX Nifty and global markets. The US markets closed marginally negative as most traders awaited the outcome of FOMC meet as well as data on the economic front that will be announced this week starting today. Vital data that is set to be announced this week includes US industrial Production CPI and Housing Starts. Most of the European markets ended in the negative territory citing lower than estimated Chinese industrial production data which elevated concerns of slowdown in the Chinese economy. The Indian markets rallied on Monday on series of positive economic data which raised expectation of a possible interest cut in the near future. Better than expected IIP data narrowing current account deficit and lower WPI Inflation boosted Indian markets which neglected below than estimated industrial production data from China.Download Full Report