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Markets are expected to open on a negative note tracking weak Asian shares.
Domestic investor sentiments are likely to remain sluggish this week with trading sentiment expected to be dictated by fourth quarter earnings season, which begins with Infosys results on Friday, say analysts.
Industrial production numbers, which is due on Friday, may also have some impact on the trading sentiment this week as IIP data is likely to be a key input for RBI's next policy review on May 3.
Global risk appetite was frail weighed on by a weaker-than-expected U.S. employment reading which raised concerns over growth recovery in the world's largest economy.
At 6AM IST, SGX Nifty traded down 25.50 points at 5531.50.
Asian shares opened lower in opening deals as U.S. employers hired at the slowest pace in nine months in March, adding just 88,000 nonfarm jobs, the Labor Department said, below an expected 200,000.
US markets ended weak on Friday.The Dow Jones industrial average was down 40.86 points, or 0.28%, at 14,565.25. The Standard & Poor's 500 Index was down 6.70 points, or 0.43%, at 1,553.28. The Nasdaq Composite Index was down 21.12 points, or 0.66%, at 3,203.86.
Following stocks are expected to move today
The New Delhi Municipal Council (NDMC) has filed a caveat in the high court here against Indian Hotels Company’s injunction suit. NDMC has asked the court to hear its plea and arguments before taking a decision on a stay on the auction of the Taj Mahal hotel, Mansingh Road, a senior NDMC official told Business Standard.
Chennai Petroleum Corp Ltd (CPCL), a subsidiary of IndianOil Corp Ltd, has got environment clearance for its Rs 3,350-crore expansion project at the Manali refinery near here.
Luxury hotels chain The Leela Palaces, Hotels and Resorts will soon announce its overseas foray with a deal in Dubai, a top company official said.
The Securities Appellate Tribunal (SAT) will hear tomorrow Reliance Industries' appeal against Sebi, in a case involving the market regulator's probe into alleged violation of insider trading norms in sale of shares of the company's erstwhile subsidiary RPL in 2007.
