Indian markets are expected to open flat tracking the SGX Nifty and global cues, said Angel Broking in its report. ''The trend deciding level for the day is 25,719 / 7,808 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 25,882-25,998 / 7,861-7,899 levels. However, if Nifty trades below 25,719 / 7,808 levels for the first half-an-hour of trade then it may correct towards 25,602-25,439 / 7,770-7,716 levels,'' it added.
US markets closed lackluster as traders looked ahead to the release of the Labor Department's closely watched monthly jobs report on Friday for signs whether the Federal Reserve will raise interest rates at its meeting later this month.
European markets ended firmly in the positive after ECB President Mario Draghi's dovish comments hinting the central bank may consider further stimulus measures.