Markets may begin on a flat note following mixed global cues

Indian markets are likely to witness a flat start following mixed cues from Asian peers and Wall Street. The SGX Nifty is trading up by 18 points at 10,385 level, indicating a flat start to the day.  
  
Asian stocks were mixed in early trade on Tuesday following a mixed finish on the Wall Street. China’s Shanghai Composite has risen 0.37 per cent and Hong Kong’s stock market has advanced 0.34 per cent, while the Japanese market Nikkei 225 index has lost 0.88 per cent.  
  
Back home, key benchmark indices managed to end marginally higher after witnessing sharp swing on the either sides. The BSE Sensex gained 97 points to close at 34,474, while Nifty was up by 32 points at 10,348. The sell-off continued in the broader indices with Nifty Mid-cap and Small-cap plunging 1.50 and 2.39 per cent, respectively. With respect to sectoral performance, it was mixed day with Nifty PSU Bank, Nifty Private Bank and Nifty Auto emerging as the top gainers; on the other hand, Nifty Realty and Nifty Metal witnessed fierce sell-off and ended as top losers.  
  
The US equity markets showed wild swings over the course of the trading session, but managed to close mixed on Monday. At the close of the session, the Dow Jones Industrial Average rose 40 points, technology-heavy Nasdaq Composite Index lost 53 points and the S&P 500 edged down 1 point.   
  
The European markets ended Monday’s session deep in the red as a number of concerns weighed on investors' sentiments, including concerns surrounding Italy’s budget, rising bond yields and unexpected drop in German industrial production. The DAX of Germany weakened by 1.36 per cent, the CAC of France dropped 1.10 per cent and the UK’s FTSE 100 declined 1.16 per cent.