''Indian markets are likely to witness a flat opening on the back of global cues. In the near term, markets will react to the ongoing result season. Today, the market will react to Cabinet's in principle approval for the acquisition of a 51.1% stake in HPCL by ONGC,'' said ICICIdirect.

Domestic markets ended in the positive territory on account of positive sentiments post the financial results of companies like Hindustan Unilever and Mastek.

US markets ended in the green with the release of the Commercial Department's report indicating a bigger-than-expected rebound in housing for June.

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