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Indian markets are expected to open flat tracking SGX Nifty. The SP 500 and the Nasdaq closed slightly higher on Tuesday while the Dow Jones closed lower. This was due to investors showing caution ahead of the policy decision from the Federal Reserve. The Dow industrials was weighed down by shares of McDonalds Corp which closed 4.5% lower. The SP 500 advanced 0.70 points or less than 0.1% as the materials and industrials sectors rallied and the telecom and utilities sectors declined. The Nasdaq rose 12.42 points or 0.2% to finish at 5110.05 for its highest close of 2016. European equities had a mixed session swinging between gains and losses amid earnings announcements before closing little changed. Another reason for caution was the upcoming announcements by central banks later in the week.Download Full Report