Indian markets are likely to flat tracking the SGX Nifty and Asian markets.
US stocks started lower but rallied to close slightly negative for the session. US producer price index for final demand climbed by 0.5 percent in April against expectations of a price rise by 0.2 percent. Core producer prices rose by 0.4 percent in April and were up by 1.9 percent YoY.
UK stock indices closed flat yesterday after the Bank of Englands ratesetting body decided to hold interest rates steady in a split. The Bank of England also downgraded its 2017 growth outlook to 1.9 percent from 2 percent citing weakening household spending. However the bank lifted the growth projection for 2018 to 1.7 percent from 1.6 percent and for 2019 to 1.8 percent from 1.7 percent.
Indian markets ended Thursdays session slightly higher as the indices continued to reach new highs. The consumer durables index was the biggest gainer from the session and closed up 1.65 percent. The oil and Gas index lost 0.93 percent
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