Indian Markets expected to open higher - TRANS SCAN

The Indian markets are expected to open higher on Monday tracking positive global cues, while investors will keep a close eye on NBFCs which may react positively after the Reserve Bank of India (RBI) released the much awaited guidelines on the licensing for new banks. The Reserve Bank of India (RBI) released the much awaited guidelines on the licensing for new banks in the private sector just ahead of the Budget 2012-14, which are likely to infuse optimism in markets.

On Friday, US Stocks ended sideways as concerns about Washington budget negotiations and the status of the Federal Reserve's stimulus program kept investor on the sidelines.

Asian shares edged higher led by Nikkei, which surged over jumped 1.8 per cent to a 53-month high as the yen fell to fresh lows.

Source : Equity Bulls

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