Sensex, Nifty Seen Opening On Flat Note

Indian shares look set to open on a flat note Monday as TCS' quarterly earnings missed Street estimates and data showed the U.S. economy created 194,000 jobs last month, the fewest jobs in nine months, compared to a consensus forecast of 500,000 jobs.

Q2 corporate earnings and the release of September inflation data may sway markets as the week progresses.

Avenue Supermarts, Delta Corps, HCL Technologies, HDFC Bank, HFCL, Infosys, Indiabulls Real Estate, Mindtree and Wipro are among the prominent companies that will unveil their quarterly earnings results in the holiday-shortened week with stock exchanges likely to remain closed on Friday for Dussehra'.

On the economic front, industrial output figures for August and September wholesale and inflation data are due to be released this week.

Benchmark indexes Sensex and the Nifty both rose over 2 percent last week, with IT and consumer durable stocks leading the surge.

Asian markets traded mixed this morning and gold traded flat amid fears that the Federal Reserve would start paring stimulus this year despite weak jobs data.

For comments and feedback contact: editorial@rttnews.com

Follow RTT