Indian Markets likely to open soft tracking muted Asian Markets - TRANS SCAN

The Indian markets are likely to open soft tracking muted Asian markets; however, the index may come under a bit of pressure and may test its key psychological support levels of 5850 later today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 4 points lower at 5833, indicating a soft opening on the domestic market.

Overnight, US stocks rose on hopes that Fed would continue with its policies to support growth in the world's largest economy.

Major Asian markets were trading lower despite an overnight rise in global markets, ahead of the US Federal Reserve two-day monetary meeting starting later in the session.

Source : Equity Bulls

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