Technology

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

U.S. stocks gave back ground during the last trading session. The decrease on the day came after the major averages ended the previous session at record closing highs. The Dow Jones slip 0.7% to end at 26439 while the NASDAQ slid 0.5% to close at 7467.

The European markets were marginally higher with miners leading the surge as copper prices advanced and Anglo American announced the sale of its New Largo asset. The FTSE 100 was up by 0.1% to end at 7672.

On domestic front Indian shares rose to close at fresh record highs after the Economic Survey report 201718 tabled in both houses of the Parliament by Finance Minister Arun Jaitley ahead of the Union Budget 2018 predicted growth would accelerate in the coming fiscal year. The Sensex closed higher by 0.6% to close at 36283 while the Nifty index inched up 0.5% to finish at 11130.

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