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

The US stock market was closed yesterday.

U.K. stocks rose modestly on Thursday after major U.S. indexes hit record highs overnight on expectations for a nearterm interest rate cut by the Federal Reserve. The FTSE 100 was up by 0.2 percent to 7621.

On domestic front Indian shares rose on Thursday to extend gains for the fourth straight session after the latest Economic Survey 201819 released in Parliament said that India needs to sustain a real growth of 8 percent to achieve the objective of becoming a 5 trillion economy by 202425. The benchmark BSE Sensex was up by 0.2 percent to 39909.

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