INDIAN
BENCHMARKS are likely
to start the session on a positive note as the global cues look supportive with
SGX Nifty trading 24.50 points higher.
Headlines for the day:
·GST Bill update: CEA-led committee
suggests GST rate of 17-18 %
· SBI looks to list subsidiaries to raise
capital
· NMDC cuts iron ore lump prices by
Rs300/MT to Rs1,800/MT
Global
Indices:
o
Asian share markets bounced on Monday
after Wall Street welcomed an upbeat U.S. jobs report that suggested the
world's biggest economy was well placed to handle an expected first increase in
interest rates in almost a decade.
o
European shares ended lower on Friday,
extending losses from the previous session when the European Central Bank's new
stimulus measures disappointed some investors, with oil stocks leading the
fall.
Trend in FII flows: The FIIs
were net sellers of Rs – 1745.72 Cr in the
cash segment on Friday while the DIIs were net buyers of Rs 1069.01 Cr, as per the
provisional figures released by the NSE.
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