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:
• M&M overtakes Tata Motors in LCV market.
• Bosch to set up more research labs in colleges.
• 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.
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