Indian Markets likely to open lower on Thursday - TRANS SCAN

The Indian markets are likely to open lower tracking mixed Asian markets. Tracking the momentum, the index may even test its crucial psychological level of 6050 in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 31 points lower at 6080, indicating a lower opening on the domestic market.

Overnight, US stocks ended lower after Bernanke hinted at exiting Federal Reserve's exceptionally loose monetary policy.

Major Asian markets edged lower weighed down by comments from Federal Reserve as well as China May HSBC flash PMI data which shrank for the first time in seven months.

Source : Equity Bulls

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