Indian stock markets are projected to open on a flat note today (May 27, 2010).

Asian stocks declined following reports that China may review its investments in European administration bonds, and the euro diminished amid fears the European debt crisis will get worse.

Japanese benchmark index Nikkei 225 declined 20.20 points to trade at 9,502.46.

US equities also declined, with the Dow Jones Industrial Average ending below the mark of 10,000 for the first time since Feb 2010. The Dow declined 69.30 points to 9,974.45.

European scrips bounced back from a 8-month low as capitalists supposed that recent falls may have been overstated and stronger-than-forecast U. S. data strengthened trust the debt crisis would not disrupt the economic system.

UK`s benchmark index FTSE 100 went up 97.40 points to end at 5,038.08.

Oil costs bounced back sharply on Wednesday after weeks of being knocked down by economic uncertainty.

While commenting on the market outlook, Ashok Jainani, vice president, head research, Khandwala Securities stated that the scrips are ready for an unstable session as the bulls and the bears quibble on the last day of May futures.

Small investors widen poor appetite on increased volatility with price alteration and feel nervous holding over the long positions.

"That is the right recipe for resumption of the uptrend. Oversold charts and momentum divergence suggest the stocks are likely to establish support at 4,750 Nifty. We retain our long bias as domestic macros and micros replace the PIIGSy talk and Greece is out of news. Japan exports grew 40% and home sales rise in US show Greece too small to hurt Uncle Sam. Asian markets are marginally positive," Mr. Jainani added.