Market Commentary

Indian Markets to follow Asian Markets and open higher - TRANS SCAN



Posted On : 2013-07-04 22:21:07( TIMEZONE : IST )

Indian Markets to follow Asian Markets and open higher - TRANS SCAN

The Indian markets are likely to open higher following Asian markets, which rallied after the two most important central banks in Europe surprised by assuring investors they were in no hurry to wind down stimulus.

Overnight, US markets remained closed on Thursday on account of Independence Day holiday.

Major Asian markets edged higher but markets were still cautious ahead of the U.S. jobs report due later today. The data could pump, or derail, the case for the US Federal Reserve asset-buying programme this year.

Source : Equity Bulls

Keywords