Mumbai: The BSE Sensex is expected to start higher on Monday after a US debt deal to avoid default boosted shares across Asia.
Steel Authority of India Ltd will be on the radar after the largest domestic steel producer said late on Friday it expects steel demand to improve and held out hope its raw material costs may reduce in coming quarters.
Adani Enterprises Ltd will be watched after it denied on Saturday any links to alleged illegal mining in the southern state of Karnataka and said the company had never had any interest in mining iron ore.
Shares in Adani had plunged as much as 26 per cent on Friday on newspaper reports that a Karnataka judicial ombudsman's report had accused the company of paying bribes and permitting illicit iron ore exports.
The MSCI's measure of Asian markets other than Japan and Japan's Nikkei were up 1.8 per cent each by 0317 GMT.
The Nifty India stock futures in Singapore gained 1.1 per cent.
On Friday, the 30-share BSE index shed 0.1 per cent to 18,197.20 points. It fell 3.4 per cent in July, its biggest monthly decline since January.
STOCKS TO WATCH
Lupin, after the drugmaker said it had entered into a pact with Eli Lilly to distribute the latter's products in India and Nepal.
State-run Corporation Bank, Indian Overseas Bank, Punjab and Sind Bank, and Syndicate Bank, after the lenders raised their base rates.
TVS Motor Co Ltd, after the motorcycle and scooters reported a 46 percent rise in June quarter net profit helped by higher demand and as price increases helped offset a rise in input prices.
Kansai Nerolac Paints, after India's second largest paints maker, posted an 18 per cent rise in April-June net profit.
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