Indian markets are likely to open flat with positive bias tracking the SGX Nifty and Asian markets, said Angel Broking in its report.

US markets had a mixed session during yesterday's session as oil prices moved to its lowest closing level since the last 10 months. The Philadelphia Oil Service Index dropped by 3.4 percent, while the NYSE Arca Oil & Gas Index and the NYSE Arca Natural Gas Index fell by 2.7 percent and 1.4 percent, respectively. Biotechnology stocks moved substantially higher. The NYSE Arca Biotechnology Index moved up by 3.8 percent to its best closing level in almost two years.

UK stocks drifted lower as oil prices dropped. In economic data, the British budget deficit reached the lowest for the month of May since 2007. Public sector net borrowing excluding public sector banks decreased by GBP 0.3 billion from previous year to GBP 6.7 billion.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.