Dalal Street opens to flattish global cues though Singapore Nifty is pointing to a mini gap upmove in the early trades. Wall Street closed flat on Friday while Asian stocks are trading in a boring fashion Monday morning.
Australian shares shot up after Singapore SGX confirmed it is buying Australia ASX for about 8.4 billion Australian dollars ($8.3 billion). Watch out for Financial Technologies on Dalal Street which owns multiple exchanges.
Bajaj Auto Ltd will again be among India's top 30 companies that form the Bombay Stock Exchange's Sensitive Index, or Sensex, after getting excluded from the benchmark on March 14, 2008.
Also GlaxoSmithKline Pharmaceuticals, Zee Entertainment,Rural Electrification and Yes Bank Ltd. were included in the BSE-100 Index.
Refunds from Coal India IPO to push markets higher
FII refunds from Coal India IPO are expected later in this week and part of the money might find its way to Dalal Street. We believe new highs before Diwali cannot be ruled out and investors should stay invested. ET reports that the finance ministry could move a bill in the winter session that will make Nabard regulator of all non-profit microfinance institutions. If this turns true SKS Micro might move down hill