Indian Markets likely to open soft tracking mixed Asian Markets - TRANS SCAN

The Indian markets are likely to open soft tracking mixed Asian markets and the index may test its crucial psychological level of 6150 in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading flat at 6170, indicating a soft opening on the domestic market.

Overnight, US stocks ended flat as markets took a breather after sharp gains last week. "Investors will get more comments from the Fed when Chairman Ben Bernanke testifies before a congressional committee on Wednesday," Reuters reported.

Major Asian markets were trading mixed as traders pared back expectations that U.S. Federal Reserve Chairman Ben Bernanke would hint at tapering bond buying this week.

Source : Equity Bulls

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