Good morning, ladies and gentlemen!

F&O rollovers are high, Nifty technical charts show bullish formation but Asian markets are on back foot fearing a major selloff in Chinese shares.

That's where we start the day. This is Saloni Goel, your market jockey, with the breakfast briefing to ready you for the day on Dalal Street.

Nifty50 ended marginally higher on Monday, but its closing level was the highest daily close in 15 sessions. The index formed a small bullish candle on the daily chart and the daily MACD indicator showed a bullish crossover. Analysts said the short-term trend looked positively biased and the next leg of upmove could be in the offing.

Asian shares stepped back from decade highs on Tuesday on worries about another sharp sell-off in Chinese stock markets. Japan's Nikkei was down 0.3 per cent at 7 am this morning.

Wall Street's indices ended little changed in overnight trade. The Dow rose 22 points, the S&P500 fell just about 1 point, while the Nasdaq dropped 10 points.

November series F&O rollovers ahead of Thursday's expiry looks promising. Market-wide rollovers stood at 27 per cent tillMonday. Nifty futures rollover stood at 32 per cent compared with the average rollovers of 18 per cent seen in last three series.

In other news, October GST collections fell to Rs 83,346 crore from more than Rs 90,000 crore in each of the first three months.

Goldman Sachs in its year-end forecast said India's economic growth will bounce back to 8 per cent in the next fiscal year as one-time hits due to demonetisation and goods and services tax wear off and benefits of reforms and strong global growth kick in.

In stock-specific triggers, public sector lender Punjab National Bank looks to raise over Rs 1,324 crore by diluting 6 per cent holding in subsidiary firm PNB Housing Finance in an offer for sale that starts on Tuesday.

If you are looking for stock-specific triggers, there are plenty of them and over a dozen stock recommendations from top brokerages on www.etmarkets.com. If you need them daily, simply download our app on your phone and keep getting them on the go. We now also offer them in many other languages besides English.

Before I go, let's have a look at some of the interesting headlines from ETMarkets print edition.

Wall Street investment bank Morgan Stanley on Monday said that India is all set for a fullfledged financial recovery in 2018, undergirded by the first pronounced revival of private-sector capital expenditure in six years in Asia's third-biggest economy.

India Inc has raised a record?74,000 crore from IPOs and offers for sale so far in 2017 but 80% of the fundraising was done by finance companies, according to an ET study. Most of the funds raised are from offers for sale - promoters selling their stakes and pocketing the proceeds, which is an indicator that private investment demand is yet to pick up in the country.

The National Company Law Tribunal has for the first time directed that a liquidator be appointed in place of an existing resolution professional in the case of a company which has no feasible resolution plan in sight, marking a new chapter in the evolving Insolvency and Bankruptcy Code.
That's it from me for the day. Thank you for listening. Do enjoy your trading day and make loads of money.

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