Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. Stocks turned in a lackluster performance during trading on Friday. The major averages spent the day bouncing back and forth across the unchanged line before closing mixed. The Dow Jones dipped by 0.2% to 24753 and the Nasdaq climbed up by 0.1% to 7434.
U.K. stocks rose modestly during the last trading session to rebound from two days of losses as the pound selloff resumed amid growing Brexit uncertainty and after the release of firstquarter GDP data. The benchmark FTSE 100 was up by 0.1% at 7730.
On domestic front Indian shares posted strong gains for the second straight session as investors took trade worries in their stride and oil prices eased on expectations of a gradual increase in output from Russia and other large producers. The rupees rebound from multimonth lows also offered some support. The BSE Sensex closed up by 0.8% at 34925.Download Full Report