Indian benchmark indices, Sensex and Nifty 50, are likely to start the trading session of November 28 in the green, after Asian stocks edged higher in morning trade.

In the previous session, the domestic market ended flat with the Nifty 50 closing below 19,800.

All markets have been consolidating for the past few sessions. There has been an absence of major events, moreover, an extended weekend likely kept the range bound momentum. This week, the market might pick up with the GDP data from both the US and India due later this week.

In the overnight session, US’ Wall Street witnessed a quiet close. Asian stocks edged higher in morning trade while the dollar was at its lowest in three months as investors remained convinced the Federal Reserve was done with its rate-hike cycle and looked ahead to a crucial inflation report later this week.

The market will continue to watch out for crude prices that saw some correction with the commodity trading between $79 to $80 per barrel, ahead of the OPEC meeting.

The GIFT Nifty indicated a bit of a quiet start with a positive bias.

Meanwhile, the Finance Ministry and Reserve Bank of India (RBI) officials are set to meet banks, and payment aggregators later in the day over cyber frauds, sources earlier told CNBC-TV18. The meeting will be chaired by the DFS Secretary.

Stocks to watch: Maruti Suzuki, Paytm, Eicher Motors, HDFC Bank, Fortis Healthcare, Raymond, PB Fintech among others

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