Technology

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

US stocks moved mostly higher over the course of the last trading session mainly due to the shrugging off concerns about a potential government shutdown. The Dow Jones ended on an upside front of 0.2% at 26072 and the Nasdaq Composite edged up to 7336 with an upside front of 0.6%.

U.K. shares were little changed as oil and retail stocks came under selling pressure offsetting gains in the mining sector following strongerthanexpected GDP data from top metals consumer China. The FTSE 100 was up by 0.4% to close at 7731.

On domestic front Indian shares continued to move higher to hit fresh record highs for the third straight session and the GST Council decided to cut tax rates on 29 products and 53 services in what is seen as the biggest overhaul since the launch of GST. The Sensex edged up to 0.7% at 35512 while the Nifty ended at 10895 with an upside of 0.7%.

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