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FPIs sold Rs 125 crore crore worth of domestic stocks on Friday.|
Updated: Jan 21, 2019, 09.08 AM IST
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The stock of Larsen & Toubro, India’s largest infrastructure company, may see a gap-down opening on Monday after Sebi denied permission to its first-ever share buyback plan of Rs 9,000 crore.
NEW DELHI: Cautiousness in Asian markets ahead of its China GDP numbers will influence domestic sentiment in a supposedly buzy earnings day for the domestic market.

Let's check out what all might matter to Dalal Street on Monday:

Singapore trading sets stage for positive start
Nifty futures on the Singapore Exchange were trading 17.50 points, or 0.16 per cent, higher at 10,952.50, indicating a positive start for the Nifty50.

Nifty forms ‘Hammer’ on weekly charts
The index made a Hammer pattern on the weekly chart, as intra-week dips were bought into. The index would face resistance around 10,930-10,950 zone, while it may see support at 10,850 level. “At this juncture, technical oscillators are looking mixed. Traders can retain their positive stance as long as Nifty sustains above the 10,800 level on a closing basis and look for a directional move to emerge on a close above 10,980 level,” said Mazhar Mohammad of

China GDP data eyed
Analysts polled by Reuters expect the world’s second-largest economy to have grown 6.4 per cent in the fourth quarter from a year earlier, matching levels last seen in early 2009 during the global financial crisis. That could pull 2018 gross domestic product (GDP) growth to 6.6 per cent, the lowest since 1990 and down from a revised 6.8 per cent in 2017.

Asian markets drop in early trade
Asian markets were in limbo early on Monday ahead of data likely to show the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade, Reuters reported. MSCI’s broadest index of Asia-Pacific shares outside Japawas little changed in early trade, after rising 1.6 per cent last week.Japan's Nikkei added 0.7 per cent, helped by a recent pullback in the yen.

Oil prices drop ahead of China data
Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful US tariffs, Reuters reported. International Brent crude oil futures LCOc1 were at $62.43 per barrel, down 27 cents, or 0.4 per cent, from their last close.

US stocks gained on Friday
The Dow Jones Industrial Average index rose 336.25 points, or 1.38 per cent, to 24,706.35, the S&P500 index gained 34.75 points, or 1.32 per cent, to 2,670.71 and the Nasdaq Composite index added 72.77 points, or 1.03 percent, to 7,157.23, Reuters reported.

Kotak Bank, HDFC AMC to report Q3 results
Kotak Mahindra Bank, Union Bank, Hind Zinc, Just Dial, HDFC AMC, HUDCO, L&T Finance Holdgings, GHCL, Coromandel International and Monnet Ispat will be among companies, which will announce their December quarter results on Monday.

L&T Infotech in talks to acquire stake in Mindtree
L&T Infotech (LTI) is said to be lining up to acquire VG Siddhartha’s stake in Mindtree. The Larsen & Toubro unit is closing in on a potential deal with serial entrepreneur and Café Coffee Day founder Siddhartha, the single largest shareholder in the Bengaluru-based, mid-tier IT company, said three people with knowledge of the matter.

Jet rescue: Ethihad to give clarity on Wednesday
The Indian lenders are understood to have told Etihad that some of its conditions were unrealistic and any move to recapitalise Jet and restructure the company’s debts must happen within the regulatory framework. “Etihad has agreed to come back by Wednesday. The views are also being put across through diplomatic channels,” a person familiar with the negotiations told ET.

L&T stock may come under pressure
The stock of Larsen & Toubro, India’s largest infrastructure company, may see a gap-down opening on Monday after Sebi denied permission to its first-ever share buyback plan of Rs 9,000 crore.

Sebi issues show-cause notice to Raymond
The Securities and Exchange Board of India (Sebi) has issued a show-cause notice to textile maker Raymond alleging multiple securities market violations. The allegations include failure to obtain necessary approvals for related party transactions in the JK House episode, corporate governance violation for non-disclosure of material information about litigations and non-compliance of shareholder reclassification norms.

Sun Pharma may trade in Rs 380-400 range
The Sun Pharma stock has seen an additional short build-up Friday, after news emerged of the second whistleblower report being accessed by certain institutional investors. A day earlier news about the existence of a second whistle blower complaint caused the stock to correct 6 per cent to Rs 426.55. In two days, the stock has fallen by 14 per cent.

Voda Idea board to meet on Wednesday
Vodafone Idea’s board will meet on Wednesday to finalise the contours of the company’s planned Rs 25,000-crore fundraise that it desperately needs to take on competition from Bharti Airtel and Reliance Jio Infocomm.

FIIs sell Rs 125 crore worth of equities
Foreign portfolio investors (FPIs) sold Rs 125 crore crore worth of domestic stocks on Friday, data available with NSE suggested. DIIs were net sellers to the tune of less than Re 1 crore, data suggested.

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