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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