Sensex opens 88 pts down, extends losing streak, Kingfisher Airlines eyed
back from recent gains.
FACTORS TO WATCH
Earnings: UCO Bank, United Breweries Holdings Ltd.
A panel of ministers headed expected to meet to set the date and floor price of the government's 9.5 percent stake sale in NTPC Ltd.
HSBC Markit services PMI (0500 GMT)
FINANCIAL/REGULATORY
India needs to commit to its recent reform measures and meet its fiscal deficit targets, Fitch Ratings said on Monday, putting further pressure on a government keen to retain investment grade ratings.
Kotak Mahindra Bank Ltd and Saxo Bank are independently looking to buy a significant stake in online brokerage firm Sharekhan and are in talks with private equity owners CVCi International and Barings Asia, two people familiar with the development said.
ENERGY/COMODITIES
A new steel policy for India is likely to be announced in a month, ironing out issues related to foreign direct investments, land acquisitions and environment clearances a senior steel ministry official said.
INFRASTRUCTURE
GVK Infrastructure and Singapore-based Changi Airports International are back at the negotiating table for a minority stake in the Indian company's airport business, said multiple sources aware of the development, nine months after talks broke off between the two sides.
Power Finance Corporation Ltd says it has not decided whether to take any stake in banks so far, although it is exploring the possibility.
Rural Electrification Corp Ltd's October-December net profit rose 33.4 percent to 10.27 billion rupees from a year ago.
Escorts Ltd's October-December net profit rose three-fold to 281.4 million rupees from
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