The
Indian benchmark indices are likely to open on a positive note after surging to
a record high on Friday as investors stay bullish over the prospects of Asia’s
third biggest economy as reforms lift outlook. Among the recent measures taken
by the Modi government including freeing up of diesel prices from state control,
hike in natural gas tariffs and relaxation of FDI curbs in the real estate
sector. A firm trend in Asian peers and a positive closing at Wall Street
overnight may support investor sentiment at Dalal Street. Back home, the stocks
of automobile companies will be in focus as the companies unveil their October
sales numbers.
