Technology

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

The US stocks moved mostly higher over the course of the trading day on Wednesday. Buying interest was somewhat subdued but the major averages still managed to reach new record closing highs. The Dow inched up by 0.2 percent to 28164 and the Nasdaq rose by 0.7 per cent to 8705.

The UK stocks rose on yesterday and the pound remained weak as traders braced for a closelywatched election poll that was due to be published yesterday night. The FTSE 100 increased by 0.5 per cent to 7443.

On domestic front Indian shares continued their bull run on Wednesday to reach record highs with heavyweight auto and banking stocks leading the surge amid rising expectations that the United States and China will soon reach an interim trade deal. The benchmark BSE Sensex rose by 0.5 per cent to 41021.

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