Indian markets are likely to open flat and may remain range bound tracking SGX Nifty and Asian markets, said Angel Broking in its report.

After moving to the upside early in the session, US markets remained mostly positive throughout the trading day on Tuesday. With the upward move on the day, the major averages once again reached new record closing highs.

The majority of the European markets ended Tuesday's session solidly in positive territory. However, the FTSE 100 of the UK was one notable exception. The UK market struggled due to mixed corporate earnings and concerns over the upcoming French Presidential election.

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