''Indian markets are expected to open flat to negative on the back of a negative closing of the US markets on Friday as the possibility of an interest rate hike in the US increases. Key earnings in Indian markets would also be decisive in any directional move,''said ICICIdirect.

Domestic markets ended positive as sentiment remained buoyant on continued hopes of a rate cut by the RBI at its policy review early next month. Also, some support came on the back of the government's decision to relax FDI norms for NRIs, PIOs and OCI.

US markets ended negative after hawkish remarks from the Federal Reserve Chairwoman, who said the central bank will likely raise interest rates this year, as long as economic activity picks up.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.