Indian markets are likely to open flat tracking global indices and SGX Nifty.
After failing to sustain an initial upward move US markets showed a lack of direction over the course of the trading session on Wednesday. The major averages spent much of the day lingering near the unchanged line. The Dow dipped 28.1 points or 0.1 percent to 24727 the NASDAQ edged down 2.9 points or less than a tenth of a percent to 6961 and the SP 500 slipped 2.2 points or 0.1 percent to 2679.
U.K. stocks ended lower on Wednesday after the International Monetary Fund downgraded its forecast for Britains growth saying last years decision to leave the European Union is slowing the economy. The FTSE 100 index fell 0.3% to close at 7525 its lowest close since Friday.
The benchmark indices in India closed lower after hitting record highs in the late morning trade on Wednesday. BSE Sensex closed higher by 59.4 points or 0.2% to 33777 while the Nifty 50 fell 19 points or 0.2% to 10444.
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