Indian Indices:
Indian benchmarks are set to open flat on Monday due to ripples coming from Uttar Pradesh with several marketmen raising concerns over the Centre's future reform policies in view of anointment of hardliner Yogi Adityanath as the Chief Minister.
SGX Nifty is trading 5.00 points lower.
India's broader NSE stock index hit a record high on Friday, as bets on improving earnings and additional economic reforms are fuelling a rally that investors believe will lead equity returns to outpace debt for the first time in two years. The S&P BSE Sensex and CNX Nifty rose 0.21%-0.07% each
Sensex closed at 29648.99, up by 63.14 points or by 0.21%, and the NSE Nifty ended at 9160.05, gained by 6.35 points or by 0.07%.
Global Market:
Asian equities were mixed on Monday as investors mulled headlines out of the G-20 finance ministers meeting in Germany at the weekend and China Development Forum over the next two days.
European markets were mixed in early Friday trading amid a pause in the global equity market rally and a slumping U.S. dollar that helped shares in Asia to their best weekly gain in more than six months.
US stocks edged lower on Friday but managed to post moderate weekly gains with investors awaiting further catalysts before jumping back into the market.
Major Headlines of the day:
Kotak Bank seeks nod to raise foreign investment limit to 49% from existing 42%.
Bharti Airtel close to buying Tikona's 4G spectrum, Overall value of the deal may be 1,500-1,700 cr.
Marico to acquire 45% equity stake in Zed Lifestyle.
Trend in FII flows: The FIIs were net buyers of Rs 1532.39 the cash segment on Friday while the DIIs were net sellers of Rs -711.50 as per the provisional figures.
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