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Indian equities seen steady, Asian shares inch higher

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Indian stock markets are likely to remain steady in Monday’s trading session tracking gains in Asian peers. SGX Nifty, up nearly 1%, also hints at a firm opening.

Asian shares inched higher in the early deals ahead of a busy week for earnings and central bank meetings, with much chatter the Bank of Japan (BOJ) will announce more stimulus steps.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1% in early trade, having shed 2.6% last week while Japan's Nikkei gained 1.1%.

There is considerable speculation the BOJ will pledge to buy unlimited amounts of government bonds, removing the current target of 80 trillion yen per year, even though it has not been near reaching it.

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