Indian markets are likely to open flat tracking SGX Nifty and ahead of monetary
policy outcome markets may remain directionless.
The US markets ended marginally lower after gaining strong on Friday. Investors
would further wait for job data to be released this week before taking further action.
Primarily European indices closed higher on the back of easing concern over the
penalty on Deutsche Bank.
Indian equity indices gained significantly backed by short covering ahead of the
monetary policy on Tuesday. This being the first policy meets by the Governor;
market participants will be keenly watching the undertone of the Governor. Further
the news of Pakistan and Indian NSA talking to reduce the tension also improved the
sentiment leading to the rally.
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