The key domestic benchmarks may open higher today tracking a mostly positive trend from stocks across Asia as weaker than expected US jobs data dampened the prospects of earlier than expected monetary tightening by the Federal Reserve, boosting the appetite for risky assets. The US economy added the fewest jobs this year as non-farm payrolls rose 142,000 in the month of August. China’s Shanghai Composite continued the upward journey on hopes of further stimulus from policymakers, while Hang Seng fell and Japan’s Nikkei 225 was trading higher as a weaker yen boosted the appeal of exporter stocks. Back home, the Sensex may continue to be supported by robust foreign fund inflows this week as growth picks up in Asia’s third biggest economy while the Modi government undertakes key reforms. Investors will be eying the industrial output data for the month of July and consumer inflation numbers to be released this week, which will be fresh indicators of the health of the country’s economy. Metal and power companies will be in focus with the Supreme Court due to announce its decision on the coal block case this Tuesday.
