Indian Shares likely to open lower on weak global cues - TRANS SCAN

The Indian markets are likely to open lower following weak global cues. Tracking the momentum, the Nifty may test its key support level of 5720 in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 45 points lower at 5724, indicating a weak opening on the domestic market.

Overnight, US stocks ended lower as traders extended a selloff driven by concern about US Federal Reserve tapering down their stimulus program.

Major Asian markets edged lower tracking fall in global markets as the prospect of less stimulus from central banks hurt sentiment.

Source : Equity Bulls

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