On Friday, the US market ended higher, which should have a rub-off effect on Asian markets, including India, when trading resumes on Monday.
Nifty50 futures on the Singapore Stock Exchange closed 27 points higher at 8,949 on Friday, indicating a positive opening for the domestic market on Monday.
“The bets on a March Fed rate hike is rising after strong US labour market and rising inflation, but during the week, both FIIs and DIIs were net buyers in the market,” Vinod N ..
“It (GST) looks on track. Subject to Parliament approval, it looks like July 1 would be the possible date for the implementation of GST,” Jaitley said after the 11th GST Council meeting.