Indian Markets are expected to open lower tracking weak global cues - TRANS SCAN

The Indian markets are expected to open lower on Monday tracking weak global cues, while investors will keep a close eye on monthly inflation data for the month of March, which will be out later today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 5.50 points lower at 5590.50, indicating a soft opening on the domestic market.

On Friday, US stock markets closed slightly lower after Weak retail sales and consumer sentiment data suggesting the world's largest economy is losing momentum.

Asian shares slipped from highs on weak US growth and flagged worries in the euro zone, turning investor sentiment cautious. The Nikkei stock average opened 1 per cent lower, after hitting its highest level since July 2008 on Friday.

Source : Equity Bulls

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