Indian Markets likely to open lower in Friday's trading - TRANS SCAN

The Indian markets are likely to open lower tracking weak Asian markets. Tracking the momentum, the index may test its key support level of 5900 in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 18 points lower at 5912, indicating a lower opening on the domestic market.

Overnight, US stocks ended higher in a volatile trade ahead of the crucial jobs report due later on Friday. The European Central Bank kept interest rates unchanged on Thursday and left other policy tools untouched.

Major Asian markets were trading mixed as investors preferred to remain on sidelines ahead of the key U.S. jobs report due later which may clarify whether the Federal Reserve could start tapering its stimulus programme in coming weeks.

Source : Equity Bulls

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