June 2013 F&O expiry due today - TRANS SCAN

The Indian markets are likely to open higher ahead of June F&O expiry due today. Tracking the strong momentum in Asian markets, the index is likely to regain its crucial level of 5650 in trade today. Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar. The rupee touched a low of Rs 60.34 breaching previous all-time intra-day low of Rs 59.98 hit last week.

Overnight, US stocks ended higher on after subdued GDP data reduced concern that the Federal Reserve will begin to withdraw its stimulus in the near future.

Major Asian markets edged higher tracking overnight gains registered in US markets on rising expectations that US Fed may not end the stimulus program in a hurry.

Source : Equity Bulls

Keywords