Indian markets are likely to open flat tracking the SGX Nifty and Asian markets, said Angel Broking in its report.

US stocks had a choppy trading session as lack of economic data led to traders staying on the sidelines. Biotechnology stocks saw considerable weakness, with the NYSE Arca Biotechnology Index closing down by 2.7 percent. Steel stocks also lost ground with the NYSE Arca Steel Index dropping by 1.2 percent on weak commodity prices.

UK stocks closed flat as the positive news of the French elections was tempered by weak commodity and local housing prices. U.K. house prices slid 0.1 percent MoM in April after staying flat in March. This was the first decrease in three months. Miners Anglo American, Antofagasta and Glencore fell by over 2 percent each as commodity prices continued to remain weak.

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