Indian Prime Minister Narendra Modi's party and its allies were set to return to power in the nation's richest state, television channels reported on Saturday, a boost for the Hindu-nationalist leader after a disappointing general election.

The electoral victories will embolden the BJP to go on the offensive in the ongoing winter session of Parliament.

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

The BJP is considering reinstating Devendra Fadnavis as chief minister of Maharashtra following their significant election victory. Although Eknath Sh

By Bharath Rajeswaran (Reuters) -Indian shares advanced on Monday after logging their best session since early June on Friday, as the ruling alliance's victory in the Maharashtra state election over the weekend boosted sentiment.