Indian markets are likely to open flat tracking global indices and SGX Nifty.
US Stocks moved sharply higher during the trading day on Friday. With the continued advance the major averages reached their best closing levels in well over a month. The major averages ended the day firmly in positive territory. The Dow soared 336.25 points or 1.4 percent to 24706 and the Nasdaq jumped 72.76 points or 1 percent to 7157.
U.K. stocks ended on a buoyant note on Friday rose to multiweek highs as investors indulged in hectic buying amid increasing signs of progress in U.S.China trade talks and fairly good earnings reports from U.S. companies so far. The FTSE 100 was up by 1.9% to 6968.
On domestic front Indian shares ended a lackluster session largely unchanged on Friday as higher oil prices and a weakening rupee offset positive cues from global markets. During the trading session the BSE Sensex was up by 0.03% to 36387.
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