Nifty is expected to regain key psychological level of 5950 - TRANS SCAN

The Indian markets are likely to open higher following positive Asian markets. Tracking the momentum, the Nifty index is expected to regain its key psychological level of 5950 levels later in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 30.50 points higher at 5870, indicating a higher opening on the domestic market. Two important events to look out for today are - IIP numbers and result announcement by Infosys.

Overnight, US markets ended higher a day after Federal Reserve Chairman Ben Bernanke said that it will keep a loose monetary policy for some time to lower the unemployment rate.

Major Asian markets were trading mixed even after a record closing high on Wall Street.

Source : Equity Bulls

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