Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. Local stocks look set to start the week on a cheerful note as traders gear up for Diwali festivities. The optimism is reflected in Nifty futures, which are trading higher alongside broader Asian markets. Signs of progress in US trade talks may give bulls the confidence to press ahead. Banking stocks could be in focus after Emirates NBD Bank PJSC announced plans to invest $3 billion in RBL Bank. Plus, upbeat earnings from HDFC Bank and ICICI Bank are likely to keep the mood positive. With a shortened trading week ahead, volumes may stay light. Markets will open for a one-hour Diwali muhurat session on Tuesday, then take a break on Wednesday.