SGX Nifty trading 29 points lower at 5907 - TRANS SCAN

The Indian markets are likely to open soft tracking mixed Asian markets. Tracking the momentum, the index may test its crucial support level of 5900 in trade today as short term trend still remains bearish. At 07:30 a.m., Nifty India stock futures in Singapore were trading 29 points lower at 5907, indicating a soft opening on the domestic market.

Overnight, US stocks ended lower as investors sold growth-oriented sectors on speculation the Federal Reserve may reduce its economic stimulus.

Major Asian markets were trading mixed ahead of the key US jobs data later which will be out later this week.

Source : Equity Bulls

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