The Indian markets are likely to open lower muted Asian markets, while investors will keep a close eye on IIP and CPI data to be released later in the day. At 07:30 a.m., Nifty India stock futures in Singapore were trading 28 points lower at 5762, indicating a weak opening on the domestic market.
Overnight, US stocks ended lower in a volatile session, after Japan's central bank disappointed equity markets by holding its monetary policy steady.
Major Asian markets were trading lower, joining a global selloff in equities as investors were disappointed by the absence of fresh steps from the Bank of Japan to calm turbulence in the domestic bond market.