Indian markets are likely to open flat tracking global indices and SGX Nifty, said Angel Broking in its report.

With North Korean leader Kim Jong Un deciding not to launch a threatened missile attack on Guam, the tensions between North Korea and the US eased on Tuesday. The Dow Jones Industrial Average finished up 0.1%, at 21,999. The S&P 500 index declined 1.23 points to finish at 2,465 while the Nasdaq Composite Index slipped 0.1% to close at 6,333.

In UK, the FTSE 100 index closed the day almost 30 points ahead as traders bought back into equities with fears easing over the US and North Korea. The UK bluechip benchmark closed at 7,384. The index was bolstered by the weak pound, which fell 0.40% and 0.76% against the Euro and the US dollar respectively as UK inflation unexpectedly held at an annual rate of 2.6% for July.

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