Indian markets are likely to open flat tracking global indices and SGX Nifty.

Indian markets are likely to open flat tracking global indices and SGX Nifty. Dow industrials eked out a small gain on Tuesday to end in record territory, but the broader market was weighed down by a selloff in financials, consumer discretionary and small-cap stocks amid concerns over the timing and ultimate shape of tax legislation working its way through Congress. The Dow Jones Industrial Average ended with a gain of less than 0.1%, at 23,557. The S&P 500 index closed less than a point lower at 2,591, retreating from an intraday record set earlier in the session. Meanwhile, the Nasdaq Composite Index declined 0.3%, to 6,768. In UK, FTSE 100 ended the day lower, having started it positively, as European indices lagged and Wall Street was lower. The UK blue chip index closed down 49 points at 7,513. In India, the benchmark BSE Sensex plunged nearly 400 points intraday on Tuesday due to negative domestic and global cues. Profit-booking by funds and retail investors, rising crude oil prices, heavy fall in pharma stocks led by Lupin, and DII selling aided the downtrend. The 30-share BSE index Sensex was down 1.1 percent at 33,371 and the 50-share NSE index Nifty was down 1 per cent at 10,350. Among BSE sectoral indices, healthcare index fell the most by 3.51 percent following warning letter issued to Lupin's Goa and Indore sites by USFDA.