India, May 5 -- Indian shares look set to open higher on Monday amid improved global sentiment as weak U.S. data raised hopes that the Federal Reserve could start cutting interest rates soon.
Kotak Mahindra Bank shares could be in focus after the private sector bank reported an 18 percent increase in Q4 net profit on healthy loan growth.
Crude oil price movements, Q4 results from other prominent domestic companies and news reports around ongoing Lok Sabha elections 2024 may sway sentiment as the trading day progresses.
On the economic front, the HSBC Services PMI (final) numbers for April, foreign exchange reserves data for the week ended May 3 and industrial production numbers for March are awaited this week.
Asian stocks traded higher...