Technology

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

The US markets showed a notable move to the downside during trading on Monday extending the pullback seen in the previous session. With the drop on the day the major averages pulled back further off the record highs set last Wednesday. Dow fell 1.0 percent to 27783 and Nasdaq tumbled 1.1 percent to 8567.

The UK stocks advanced on Monday as a couple of economic reports showed some signs of promise for Chinas manufacturing sector and the pound slipped amid a tightening U.K. election race. The FTSE 100 was up by 0.6 per cent to 7388.

On domestic front Indian shares ended little changed on Monday even as shares of telecom companies soared after Vodafone Idea Bharti Airtel and Reliance Jio all hiked mobile and data tariffs by up to 42 percent in an attempt to tide over the crisis in the telecom sector. The benchmark BSE Sensex was up by 0.1 per cent to 40802.

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