''Indian markets are expected to open flat on the back of mixed global cues. A balanced Budget with focus on fiscal prudence bodes well for investor sentiments. Strong FII flows also provide a cushion at the current levels,'' said ICICIdirect.

Domestic markets ended positive on optimism that Budget announcements would increase corporate earnings and push growth along with the Finance Minister's promise of lower-than-expected borrowing despite raising the fiscal deficit target.

US markets ended positive after the People's Bank of China (PBOC) cut benchmark interest rates by 25 bps to 5.35% on Saturday.

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