Indian Markets are likely to open soft on Friday - Trans Scan Securities

The Indian markets are likely to open soft tracking muted Asian markets ahead of June quarter GDP data which will out post market hours today. India's gross domestic product (GDP) expanded 4.6 per cent year-onyear in the quarter to June, as compared to 4.8 per cent growth registered in the previous three months.

Overnight, US markets ended higher after the government said in an upwardly revised estimate the economy expanded by a stronger-than-expected 2.5 percent in the second quarter.

Major Asian stocks were trading mixed as a possible U.S. military strike on Syria appeared less likely, while some analysts expect some profit-taking by market participants ahead of the U.S. holiday long weekend. However, investors would likely remain on sidelines as the Syria situation continued to unfold.

Source : Equity Bulls

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