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 — and happy Monday. I’m Ashutosh Joshi and I cover equities in Mumbai. Even as a holiday mood prevails, traders are starting the week with measured optimism. The Nifty 50 Index extended its rebound for a second straight session on Friday, closing above the key 26,000 mark, and bulls will be watching whether the benchmark can sustain above the psychological level. Key sentiment drivers will be the moves in the rupee, global fund flows and any clarity on the trade talks with Washington. Also in focus will be the final round of major central-bank meetings for the year, along with data points such as the US jobs report and China’s retail sales. Meanwhile, the primary market remains busy despite the year-end lull, with four new IPOs and more than a dozen listings lined up this week.