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Indian Shares Seen Opening Higher On Global Cues

The Indian stock market looks headed for a positive start on Monday, tracking gains in Asian markets, where the mood is quite bullish amid optimism about U.S.-China trade talks.

The U.S. market ended on a firm note on Friday with traders hoping for a positive outcome from the vice ministerial level U.S.-China trade talks, scheduled for Monday and Tuesday.

The rupee's movements and crude oil prices are also likely to make significant impact on stock prices.

With the reporting season to commence this week, activity may turn stock specific at times. IT majors Infosys and Tata Consultancy Services are scheduled to report their third quarter earnings this week.

In company news, BHEL said it has successfully commissioned a 800 MW thermal unit within a record time of 46 months, at Kothagudem Thermal Power Station of Telangana State Power Generation Corporation.

State-run oil & gas exploration major ONGC Limited said that its subsidiary ONGC Videsh Limited has achieved second consecutive success in an onshore well lndico-1 X, Colombia.

Realty company Sobha Limited said its sales value dropped to Rs 698.8 crore in the third quarter ended December 2018, from Rs 750.9 crore in the previous quarter. Average price realisation declined to Rs 7,689 per square feet versus Rs 8,045 per square feet.

On Friday, the benchmark BSE Sensex ended up 181.39 points or 0.51 percent at 35,695.10, while the broader Nifty index rose by 55.10 points or 0.52 percent to finish at 10,727.35. Both the indexes ended the week down about 1 percent.

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