Indian markets are expected to open flat tracking the SGX Nifty and the Asian cues, said Angel Broking in its report.

The US markets after falling sharply at the open, stocks staged a remarkable turnaround over the course of the trading day on Friday. The major averages bounced well off their lows for the session and into positive territory, with the Dow showing a nearly 460-point swing on the day.

The European markets bounced back into the green in late trade on Friday, as U.S. equity markets began to reverse and recover from the lows. The European markets were trading in green early Friday. However, the markets began to pare those gains and dropped into the red after the U.S. jobs report for September came in weaker than expected. The disappointing data has many investors thinking that an interest rate hike by the Federal Reserve later this month is unlikely.

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