Indian markets are expected to open in green tracking SGX Nifty, according to Angel Broking. ''The trend deciding level for the day is 27,737 / 8,430 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 27,823-27,941 / 8,451-8,480 levels. However, if Nifty trades below 27,737 / 8,430 levels for the first half-an-hour of trade then it may correct towards 27,619-27,532 / 8,400-8,379 levels.''

U.S. stocks started the day in red following Commerce Dept. release of lower than expected second quarter GDP expansion at 2.3%. Later during the day corporate earnings caught attention, with U.S. stocks ending the trading session little changed.

U.K. markets were boosted by a number of well received company results, with Shell and Rolls Royce among the top risers. Markets made gains on last day of July series F&O expiry, with global cues supporting post Federal Open Market Committee (FOMC) meet. Fed kept rates unchanged, and gave no hint of lift-off coming in next meeting.

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