Urban Spending and Auto Stocks Benefit From Consumer Tax Cut in India

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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. The outlook for Indian stocks is as muted as the overcast skies above the financial capital. The benchmark Nifty index is lingering near the 25,200 mark — a level that has twice triggered pullbacks in the past two months. Some support may come from Asia, where stocks are trading higher after Wall Street notched fresh records overnight. Traders will also be watching the visit of US officials for trade talks with India, while Tuesday’s NSE expiry adds an extra layer of caution to positioning.