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

U.S. markets mostly higher on the back of strong earnings and following the Federal Reserve's decision to keep interest rates unchanged. The Fed was widely expected to keep monetary policy steady. The central bank, however, laid the groundwork for winding down its massive stimulus program in September.

The European markets posted gains in early trade Wednesday, before settling into a sideways pattern. Solid U.K. GDP data and a number of positive corporate financial reports helped the markets to log modest gains. Energy stocks also benefitted from the continued rise in crude oil prices.

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