Indian Markets are likely to open lower - Trans Scan Securities

The Indian markets are likely to open on lower tracking negative Asian markets, while investors will keep a close eye on Hero MotoCorp which will declare its quarterly results later in the day today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 55 points lower at 6028, indicating a lower opening on the domestic market.

Overnight, US markets corrected. S&P 500 snapped a fourday winning streak on Tuesday and pulled back from Monday's record closing high.

Major Asian markets were trading under pressure after activity in China's vast manufacturing sector slowed to an 11-month low in July as new orders faltered and the job market darkened.

Source : Equity Bulls

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