''Indian markets are expected to open flat to positive on the back of mixed global cues. Applicability of MAT on the US and UK based FPIs due to lack of treaty protection may keep market sentiments subdued,'' said ICICIdirect.

Domestic markets ended negative as sentiments remained cautious on corporate earnings continuing to miss estimates and on forecast of poor rains ahead of the June-to-September monsoon. US markets ended positive on news that the Federal Reserve will delay its planned increase in interest rates and on better-thanexpected quarterly earnings news of large US companies.

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