India's GIFT Nifty was trading at 22,141 as of 7:58 a.m. IST, indicating that the NSE Nifty 50 will open above Friday's close of 22,040.70.

Asian markets opened relatively unchanged, with the MSCI Asia ex-Japan shedding 0.05%.

Wall Street equities closed lower on Friday after data showed U.S. producer prices increased more than expected in January, adding heft to the view that any potential interest rate cuts by the Federal Reserve are not imminent. [MKTS/GLOB]

Despite last week's hot U.S. consumer price inflation data, the Nifty 50 and BSE Sensex remained resilient, supported by steady domestic institutional investor inflows, indicating a potential higher opening on Monday.

DIIs bought shares worth 15.71 billion rupees ($189 million), on a net basis on Friday. They have been net buyers in 10 of the 12 sessions so far in February, adding 173.93 billion rupees.

Large caps gained momentum, while mid- and small-caps saw profit booking, largely due to valuation gaps, said Vinod Nair, head of research at Geojit Financial Services.

The broader, more domestic-focussed mid-cap index added 0.5% last week, while the small-caps declined about 0.5%, underperforming the 1.2% rise in benchmark indexes.


** Paytm: Reserve Bank of India gives more time to the company's payments bank to wind down its operation, while the company said it signed a new banking partner for settlement of merchant payments.

** Life Insurance Corporation of India: Company received refund orders for 217.41 billion rupees from income tax department.

** Tata Power Company: Received letter of intent from REC Power Development to acquire Jalpura Khurja Power Transmission project worth 8.38 billion rupees.

** Titagarh Rail Systems: Company secured an order from Ministry of Defence to procure 250 specialised wagons. The order value is 1.70 billion rupees.

($1 = 82.9950 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Dhanya Ann Thoppil)