Indian Markets likely to bounce back - TRANS SCAN

The Indian markets are likely to bounce back and open higher tracking positive Asian markets, while investors will keep a close eye on inflation data for the month of May. At 07:30 a.m., Nifty India stock futures in Singapore were trading 45 points higher at 5742, indicating a weak opening on the domestic market.

Overnight, US stocks rallied after government data showed that retail sale rose more than expected, calming fears about the expected widening down of Fed's stimulus plans.

Major Asian markets bounced back from lows as a rebound in U.S. equities on the back of upbeat economic data calmed nerves.

Source : Equity Bulls

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