Sensex, Nifty likely to track strong global cues; Tata Motors, Jet Airways in focus

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are set for a strong start to the new fiscal year on Monday ahead of the Reserve Bank of India’s monetary policy announcement this week. Gains in the Asian markets will also support local equities as progress in US-China trade negotiations and positive China factory data boosted global equities. However, another defeat for UK Prime Minister Theresa May’s Brexit deal could weigh on markets. At 07:18 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.42 percent at 11,724.50, indicating a positive start for the Sensex and Nifty. Tata Motors, Jet Airways, are the stocks in focus.