Indian markets are likely to open flat with a positive bias tracking SGX Nifty and Asian markets, said Angel Broking in its report.
After initially moving to the downside, US market turned in a lackluster performance over the course of trading session on Friday. Even with the choppy trading, the major averages managed to reach new record closing highs. Profit taking contributed to the initial weakness on Wall Street, although traders seemed somewhat reluctant to make significant moves.
The majority of the European markets ended Friday's session in the red, extending their losses from the previous session. The recent rally in Europe and on Wall Street appears to be running out of steam due to uncertainties over the U.S. fiscal and monetary policies.