SGX Nifty trading up 8.50 points - TRANS SCAN

The Indian markets are likely to open higher tracking positive Asian markets, while investors will keep a close eye on March quarter GDP data, which will be out later today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 8.50 points higher at 6135, indicating a higher opening on the domestic market.

Overnight, US stocks ended higher as tepid economic data eased concerns about Federal Reserve's move to gradually scale back its quantative easing.

Major Asian markets were trading higher tracking gains in US markets. The Nikkei stock average opened up 1.6 percent after tumbling over 5 percent to a five-week low.

Source : Equity Bulls

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