Markets likely to open flat

The Indian benchmark indices on Tuesday displayed strength in the first half of the trading session, however, what started on a promising note ended as a dismal show as indices pared gains in the second half of trading session and ended the session on a flat note. To end with, the NSE's 50-share broadly followed index Nifty settle tad above its psychological 9,600 mark, while Bombay Stock Exchange's Sensitive Index-Sensex closed just above 31,100 mark.

The majority of the European markets ended Tuesday's session with gains. The DAX of Germany climbed 0.59 percent and the CAC 40 of France rose 0.40 percent. The FTSE 100 of the U.K. declined 0.15 percent.

U.S stocks surged higher on Tuesday as the Dow and the S&P 500 closed at records as the technology stocks rebound following a two-day decline. The Nasdaq Composite Index surged 45 points to close at 6,220. The Dow Jones Industrial Average scaled up 93 points to end at 21,328. The S&P 500 rose 11 points to close at 2,440.

Asian shares were trading mixed in the early trade on Wednesday. Japan’s Nikkei 225 has been trading with gains of 18 points; Hong Kong’s Hang Seng has lost 110 points, while China’s Shanghai Composite has shed 18 points.

At 8:05 am, SGX Nifty Index was trading with a minor loss of 2 points at 9,614, indicating a flat start for Indian indices.