Indian Markets likely to open higher tracking other Asian Markets - Trans Scan Securities

The Indian markets are likely to open higher tracking positive trend in other Asian markets. Investors will keep a close eye on Idea Cellular and Reliance Communications ahead of their quarterly results which will be out later today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 15 points up at 5792.50, indicating a higher opening on the domestic market.

Overnight, US markets ended flat as the US Federal Reserve gave no hint of reducing the pace of its bond-buying program.

Major Asian markets were trading higher as the Federal Reserve provided little clarity on the outlook for U.S. stimulus and now all eyes are on European Central Bank and the Bank of England for their policy stance.

Source : Equity Bulls

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