Indian markets are expected to open flat tracking SGX Nifty, according to Angel Broking. ''The trend deciding level for the day is 27,517 / 8,352 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 27,618-27,778 / 8,382-8,428 levels. However, if Nifty trades below 27,517 / 8,352 levels for the first half-an-hour of trade then it may correct towards 27,358-27,257 / 8,307-8,276 levels,'' it added.

After five trading sessions of losses, US markets ended in green as investors were encouraged by strong earnings from UPS, Ford and other big companies. Also, US markets gained on account of steady global markets performance.

FTSE 100 rose 0.8%, its first advance in six sessions. U.K. stocks finished higher Tuesday, aided by rally in RSA Insurance Group shares on takeover speculation.

Benchmark Indices ended lower for fourth consecutive session on concerns of capital outflows after SIT proposed stringent norms for P-notes. Also, investors turned cautious with US FOMC meet ahead, as it would give signals on rate hikes.

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