Technology

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

US stocks showed a lack of direction during trading on Friday. The major averages spent much of the day bouncing back and forth across the unchanged line before closing mixed. The Dow was up by 0.3 percent to 26797 while the Nasdaq dipped by 0.2 percent to 8103.

The UK stocks recovered from an early slide to turn higher on Friday after Londoncentric developer Berkeley said market conditions in London and the South East have remained robust and consistent despite Brexit uncertainties. The FTSE 100 inched up by 0.1 percent to 7279.

On domestic front Indian shares followed global peers higher on Friday as investors cheered signs of resolution of trade dispute between the United States and China. Underlying sentiment was also helped by reports suggesting that the government may soon offer measures to boost exports. The benchmark BSE Sensex surged by 0.9 percent to 36982.

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