INDIAN BENCHMARKS-NEWS UPDATES

INDIAN BENCHMARKS are likely to start the session on a positive note as the global cues look supportive with SGX Nifty Trading Tips trading 24.50 points higher.

                                                                      

Headlines for the day:

• GST Bill update: CEA-led committee suggests GST rate of 17-18 % 
• SBI looks to list subsidiaries to raise capital 
• NMDC cuts iron ore lump prices by Rs300/MT to Rs1,800/MT

Global Indices:

• Asian share markets bounced on Monday after Wall Street welcomed an upbeat U.S. jobs report that suggested the world's biggest economy was well placed to handle an expected first increase in interest rates in almost a decade.

• European shares ended lower on Friday, extending losses from the previous session when the European Central Bank's new stimulus measures disappointed some investors, with oil stocks leading the fall.

Trend in FII flows:   The FIIs were net  sellers of  Rs – 1745.72 Cr in the cash segment on Friday while the DIIs were net buyers of  Rs 1069.01 Cr, as per the provisional figures released by the NSE.