Indian markets are likely to open flat tracking global indices and SGX Nifty.
After ending the previous session modestly higher US markets showed a lack of direction over the course of the trading day on Tuesday. Traders largely shrugged off some upbeat economic data including a report from the Federal Reserve showed that industrial production rose by 0.3 percent in September after sliding by 0.7 percent in August. Despite the choppy trading on the day the Dow and the SP 500 reached new record closing highs. While the techheavy Nasdaq edged down by a less than a tenth of a percent to 6624 the Dow edged up 0.2 percent to 22997 and the SP 500 inched up 0.1 percent to 2559.
The UK markets finished lower on Tuesday after investors received inflation data that could harden the case for the Bank of England to raise British borrowing costs. The FTSE 100 index fell 0.1% to close at 7516 after darting between small gains and losses through the day.
In India Nifty ended little ch
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