MUMBAI (Reuters) – The BSE Sensex may test all-time highs on Monday, with foreign fund inflows keeping the sentiment bullish.
The BSE-30 share index rose 0.5 percent to a record closing high of 21,004.96 points in a one-hour special Diwali holiday trading session on Friday.
It is only around 200 points shy of an all-time high.
Foreign fund investment of $26.6 billion thus far in 2010 has powered the benchmark index 20.3 percent higher this year to date.
State-run Power Grid Corp will be in focus after the company set the price band for its share sale to raise up to $1.7 billion at 85-90 rupees each, a discount of 12-17 percent to its Friday closing price.
Larsen & Toubro will be on the radar after a company official said on Sunday the engineering and construction firm is bidding for an Oman refinery expansion contract estimated
at $300 million.
The MSCI's measure of Asian markets other than Japan was down 0.3 percent by 0253 GMT, while Japan's Nikkei was trading 1 percent higher.
Nifty India stock futures in Singapore were trading 0.5 percent higher, hinting at a higher open in the domestic market.
Trending On Reuters
Anil Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more. Full Article