Stock markets are likely to start on a positive note on Monday taking positive cues from last week's close and may see cautious trading afterwards ahead of state election results and winter session of the Parliament, which starts on December 5, experts said.
Besides, auto companies will be in focus amid release of monthly sales volume data for November.
Trend in investment by foreign institutional investors, global cues and movement of rupee will be key drivers for the stock market in near-term.
After hitting a four-year low in the first quarter, the economy grew by a higher-than-expected 4.8 per cent in the September quarter.
Gross domestic product or GDP rose 4.8 per cent in July- September compared with 4.4 per cent in the previous quarter.
The results of elections in five states - Chhattisgarh, Delhi, Madhya Pradesh, Mizoram and Rajasthan - will be declared early this month.
Delhi will go to polls on December 4, while polling will be held today in Rajasthan.
Over the past week, the Sensex has added 574.54 points to clock its first gain after three successive weeks of declines. The index fell 373 points in November, after a record close of 21,239.36 on November 3.
Mirroring bullish sentiment, overseas investors poured in Rs 8,000 crore (USD 1.3 billion) in the Indian stock market last month
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