Indian Markets likely to open higher tracking strong global cues - Trans Scan Securities

The Indian markets are likely to open higher tracking strong global cues, while investors will keep a close eye on Idea Cellular after the company reported its quarterly results post market hours on Thursday. At 07:30 a.m., Nifty India stock futures in Singapore were trading 34 points up at 5797.50, indicating a higher opening on the domestic market.

Overnight, US markets higher after strong data on manufacturing-sector growth lifted investor sentiments. The Dow and S&P 500 ended at record highs, with the S&P 500 rising above 1,700.

Major Asian markets edged higher after robust U.S. factory activity data and a commitment to easy monetary policy by European central banks and the Federal Reserve lifted investor sentiment.

Source : Equity Bulls

Keywords