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The Nifty50 is likely to open flat on Monday tracking muted trend seen in other Asian markets. The Nifty50 closed 4.3 points lower or 0.04 percent at 11,018 on Friday.
Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a loss of 5.5 points or 0.05 percent. Nifty futures were trading around 11,023- level on the Singaporean Exchange.
US stocks rose slightly on Friday, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other areas offset a drop in financials after results from three of the big banks mostly disappointed, said a Reuters report.
Asian shares were lower on Monday, brushing off the firmer Wall Street lead as investor caution dominated ahead of the release of key Chinese economic data, which is expected to show signs of a slowdown. Japan’s markets are closed for a holiday today
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