INDIAN BENCHMARKS are likely to open marginally higher after a period of consolidation on Monday. Meanwhile, Asian share indices were trading mixed as the partial US federal government shutdown which continued for the second week weighed on investor sentiment. Financial Technologies may see some action after the company said it has received a show-cause notice on October 5 from commodity market regulator FMC regarding its 'fit and proper' status as a shareholder in MCX.
FUTHER, Steel stocks may witness action after most domestic primary steel producers have raised prices of steel products on the back of increased transportation costs due to hike in rail freight charges.
Trend in FII flows: The FIIs were net buyers of Rs 2422cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 1062cr, as per the provisional figures released by the NSE.
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