Technology

Indian markets are likely to open flat tracking global indices and SGX Nifty.

The US stock showed a lack of direction over the course of the trading day on Monday. Despite the choppy trading on the day the major averages ended the session at new record closing highs. The Dow moved upwards 0.1 percent to 27359 and Nasdaq was up by 0.2 percent to 8258.

U.K. stocks were little changed in cautious trade on Monday after Chinas economy expanded at the slowest pace in 27 years in the second quarter emphasizing the need for measures to stimulate domestic consumption and investment amid escalating trade disputes with the U.S. The FTSE 100 was up by 0.3 percent to 7532.

On domestic front Indian shares rose on Monday as IT major Infosys delivered betterthanexpected profit for the March quarter and investors shrugged off mixed data out of China. The benchmark BSE Sensex increased by 0.4 percent to 38897.

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