''Indian markets are expected to open flat to positive on the back of mixed global cues. The market would be keenly watching the results of ITC today. With the last week of the earnings season coming, rate cut expectations in June would be key for any directional move,''said ICICIdirect.

Domestic markets ended flat as investors preferred to remain on the sidelines ahead of earning numbers of blue chips, including ITC, due today. US markets ended mildly positive as a report showing an unexpected drop in existing home sales for April along with a mixed batch of other economic data kept traders guessing on the future direction of the market.

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