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Monday, February 07, 2011

(Reuters) - The BSE Sensex is expected to remain under pressure on Monday after policymakers indicated tackling inflation was a top priority to sustain growth.

Cairn India (CAIL.BO) will be in focus after the oil secretary said on Sunday he was hopeful of finding a "positive solution" to Vedanta Resources' deal to buy a controlling stake in the unit of Cairn Energy.

Prime Minister Manmohan Singh said on Friday high inflation posed that high headline inflation is beginning to pose a serious threat to India's high growth plans.

Lanco Infratech and Punj Lloyd will be watched as they announce their December quarter earnings.

State-run oil explorer Oil India will be on the radar after it said over the weekend December quarter net profit rose 26.5 percent.

The MSCI's measure of Asian markets other than Japan were up 0.3 percent by 0244 GMT, while Japan's Nikkei was trading 0.7 percent higher.

The Nifty India stock futures in Singapore were barely changed.

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