BENGALURU (Reuters) - Indian shares are set to open marginally higher on Monday after surging to record highs in the previous two sessions, as sentiment improved on signs of moderating inflation in the United States.
Rupak De, Senior Technical Analyst at LKP Securities, says that the recent upswing in the Nifty index indicates a robust bullish reversal after a period of consolidation.
Indian shares opened higher on Friday, with the benchmarks scaling new all-time highs on improved sentiment following robust economic data from the U.S., which eased fears of a slowdown.
Adani Transmission stock down over 5 per cent as shares worth Rs 2,633 crore change hands thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
A promoter group entity of Adani Transmission on Friday divested its entire 3.04 per cent stake in the firm for Rs 2,666 crore through an open market transaction.