Pre-Market: Markets may open flat

The Indian markets may see a flat opening on the back of lacklustre global markets and the SGX Nifty is trading flat with a negative bias at 5,515.

Overnight in the US market, Wall Street ended higher for the first time in over a week on Thursday, with the Dow and the S&P 500 rising nearly 1%, but many analysts saw the rebound as short-lived. A report showing record U.S. exports in April eased some concerns about a stalled economic recovery, which had been weighing on the market.

The Dow Jones industrial average was up 0.63% at 12,124. The Standard & Poor's 500 Index rose 0.74% at 1,289. The Nasdaq Composite Index 0.35% at 2,685. Meanwhile, brent crude rose 1.5% yesterday reaching a five-week high as OPEC's surprise failure to reach a deal on raising output stoked more fears of leaner supplies later in the year.

In the Asian markets, most of the indices climbed after U.S. trade data gave investors some optimism on the direction of economic growth there. Japan’s Nikkei Stock Average was the top gainer which rallied 1.2%. KLSE Composite and  Jakarta Composite gaining 0.3% ecah are some of the other gainers while Straits Times, Seoul Composite are flat with a positive bias. Shanghai Composite, Hang Seng and Taiwan Weighted lost between 0.3-0.7%

Toady the auto stocks may see some downside as the brent crude price is moving north. Also, the rise in fuel costs and increase in interest rate has crimped domestic demand.Domestic auto sales grew at its slowest pace in 20 months in May, industry data showed.