Indian Markets likely to open soft in line with other Asian Markets - TRANS SCAN

The Indian markets are likely to open soft in line with other Asian markets. Tracking the muted momentum, the index is likely to test its crucial support level of 5750 in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 10 points higher at 5782, indicating a lower opening on the domestic market.

Overnight, US stocks ended with modest gains as traders squared positions before the holiday and Friday's job market data. US markets will remain close on Thursday on account of Independence Day holiday.

Major Asian markets were trading mixed ahead of the key events including the European Central Bank meeting and the U.S. non-farm payrolls report loomed.

Source : Equity Bulls

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