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

US markets closed higher on Tuesday after a slew of major companies reported better-than-expected quarterly results. The S&P 500 rose 0.3% to hit intraday and closing records, with financials, materials and energy rising more than 1% to lead advancers. The index closed at 2,477. The Dow Jones industrial average rose 100.3 points to close at 21,613, with Caterpillar and McDonald's contributing the most gains. The Nasdaq composite rose just 0.02% but managed intraday and closing records. The index finished the session at 6,412.

The European markets ended Tuesday's session in the green, putting an end to a three session losing streak. Investors were encouraged by the stronger than expected business confidence data from Germany and by the progress that is being made in Greece.

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