|Free Commodity Tips|
Indian stock indices appeared to have crossed its limit in the near term after snapping a five-week winning streak last week. Meanwhile, US President Barack Obama says there appears to be a growing consensus in India that the time may be right for another wave of economic reforms to make India more competitive in the global economy.
In terms of data, the Government will release wholesale (WPI) inflation today and retail (CPI) inflation later this week.
Main Results Today: Castrol India, Exide, Reliance Industrial Infrastructure, South Indian Bank, Supreme Infra and Tata Coffee.
FREE COMMODITY TIPS
ENERGY WRAP: Oil rallied for a third day on Friday after China's economy expanded in line with expectations, easing concerns a slowdown in Europe was hurting a lot more than expected. Even though China's growth slowed for the sixth successive quarter, Asian shares and the euro extended their rally on Monday on signs steps Beijing had taken so far were underpinning the economy A nosedive in natural gas spot prices in Asia over the last month marks the end of bullish Japanese buying following the Fukushima disaster and the likely start of higher supply and lower prices for gas shipped to Europe.
PRECIOUS METAL WRAP: Spot gold traded nearly flat at $1,590.59 an ounce by 0023 GMT, after rallying 1 percent on Friday. US gold futures contract for August was also little changed from Friday's close, standing at $1,590.50.