Indian markets are likely to open flat tracking global indices and SGX Nifty.
After coming under pressure early in the session stocks staged a recovery attempt but still ended Thursday trading mostly lower. The Dow posted a modest loss on the day while the techheavy Nasdaq closed sharply lower. The Dow edged down just 23.34 points or 0.1 percent to 34577.04 after tumbling by more than 250 points in early trading. The Nasdaq slumped 1 percent to 13614.51 and the SP 500 fell 15.27 points or 0.4 percent to 4192.85
