Moneycontrol Bureau
Indian shares may open close to flat, as signalled by trading in the Singapore-based SGX Nifty, which was up 2.5 points, or 0.03 percent, to 8,318.
This would come after equities closed the expiry of derivatives contract yesterday with a minor monthly gain, even as Nifty successfully held on to 8,300, which was said to be a support by some analysts.
Overnight, stocks on Wall Street closed marginally lower, with mixed economic data.
In India, analysts will look forward to the release of fourth-quarter and fiscal year 2014-15 gross domestic product (GDP) growth data. Growth in economic output is slated to come in around 7.4 percent for the full year, according to the new methodoly.
But any weakness in fourth quarter data, especially with respect to the agriculture economy, may give investors pause.
As earnings season winds down, notable firms reporting numbers today include Sun Pharma, M&M and NTPC.
In other asset classes, the US dollar was slightly lower, crude edged up while gold was flat-to-lower.
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