Indian markets are likely to witness a soft opening and we expect it to pick up momentum as the day progresses. The SGX Nifty indicates Nifty is likely to open around the level of 10,899, marginally down by 12 points. The key earnings on the tap today will be Balrampur Chini, Exide Industries, IDBI, IRB, BBTC, Future Retail, SRF, Whirlpool, NRB Bearing and FSL.