Indian Markets likely to open lower - TransScan Securities

The Indian markets are likely to open lower following weak trend in other Asian markets. Tracking the momentum, the index may test its crucial support level of 5450 in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 34.50 point down at 5475, indicating a lower opening on the domestic market.

On Friday, US markets fell slightly as rising bond yields hurt shares paying rich dividends and earnings from retailers disappointed investors.

Major Asian markets were trading with a downward bias ahead of the minutes of the Federal Reserve's last policy meeting which will provide some clarity on when it might start scaling back stimulus.

Source : Equity Bulls

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