Indian Markets are likely to continue with gains - Trans Scan Securities

The Indian markets are likely to open higher following positive trend in other Asian markets. Tracking the momentum, the index is expected to regains its crucial psychological level of 5500 in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 17.50 point up at 5481, indicating a higher opening on the domestic market.

On Friday, US markets rose higher led by a jump in Microsoft shares, as trading took place without interruption a day after the Nasdaq stock exchange suffered an unprecedented, 3-hour trading halt.

Major Asian markets were trading higher after a steep drop in U.S. new home sales tempered expectations the Federal Reserve will soon reduce stimulus.

Source : Equity Bulls

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