INDIAN BENCHMARKS The key domestic equity benchmarks are likely to extend a two-day winning streak and open higher on Monday as investors pin their hopes on the green signal for key reforms such as the Goods & Services Tax (GST) in the Winter Session of Parliament which begins this Thursday.
SGX Nifty is trading 28 points higher.
Dalal Street may witness some volatility in the holiday-shortened week as traders roll over their positions amidst the November Futures & Options (F&O) expiry. Indian shares made modest gains on Friday but recorded their first weekly gain in four as consumer goods stocks rose after a panel recommended a 23.55% pay hike for current and former government employees. On Friday (November 20, 2015) 30-share Sensex, gained 26.57 points or by 0.10% to end at 25,868.49 while Nifty advanced 13.8 points or by 0.18% to close at 7,856.55.
Major Headlines of the day:
1. M&M overtakes Tata Motors in LCV market.
2. Bosch to set up more research labs in colleges.
3. Sobha to build new housing project in Gurgaon at Rs1,000 cr
Trend in FII flows: The FIIs were net sellers of Rs -94.09 Cr in the cash segment on Monday while the DIIs were net buyers of Rs 610.16 Cr, as per the provisional figures released by the NSE.