Indian markets are likely to open higher on Monday tracking a positive trend across markets in Asia. SGX Nifty is trading 64 points higher.
Aside from the November 8 election, the focus this week will be on the quarterly earnings data from key companies such as ICICI Bank, SBI, Bharat Heavy Electricals, Lupin, BPCL and Mahindra & Mahindra.
Indian shares hit their lowest level in nearly four months on Friday, posting their biggest weekly fall in five, as sentiment remained weak on growing uncertainty over the outcome of the U.S. presidential election. The S&P BSE Sensex and CNX Nifty fell 0.57%-0.60% each
Asian stocks bounced and the dollar strengthened on Monday after the FBI said it stood by its earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton.
European shares slumped on Friday, weighed down by weaker drug makers after two U.S. lawmakers called on federal antitrust regulators to open an investigation into possible price fixing.
US stocks failed to defend gains Friday, with the S&P 500 ending lower for a ninth straight session in the longest losing streak since December 1980.
Major Headlines of the day:
Godrej Properties expects Rs 3K-crore revenue from Greater Noida township
Reliance Industries partners consider joining arbitration in $1.55 bn gas row
PNB Q2 net profit dips 11.5% to Rs 549 crore
Trend in FII flows: The FIIs were net buyers of Rs –343.3 Cr in the cash segment on friday while the DIIs were net sellers of Rs 1089.86 Cr, as per the provisional figures.
PNB, AMARAJBAT, NILKAMAL, AEGISCHEM, UNITEDBANK, ICICIBANK, EIDPARRY, ECLERX, BRITANNIA, ABAN, CEAT, GODREJCP