The Indian benchmark indices are set to open lower on Monday amid mixed cues from other Asian peers.
The Asian markets have opened on a mixed note, while Wall Street closed lower in the previous trading session as results from big banks failed to stimulate and fear of broader conflict in Syria further unnerved investors.
On the economy front, India's services exports in February dipped by 3.84 percent on monthly basis to USD 15.71 billion, according to RBI data.
Also, the Reserve Bank of India (RBI) may relax some of the stringent norms for treatment of bad loans that it announced in February without diluting their spirit. Also, according to a report non performing assets (NPAs) or bad loans in the banking sector are set to shoot up by at least Rs 8,000 crore.
Around, 3 companies are likely to report their March quarter numbers today including Jay Bharat Maruti, LKP Finance and Lloyds Metals and Energy.
Muted trends in the SGX Nifty Index Futures for April delivery, which were trading at 10,446.50, down by 56.50 point or 0.54 per cent, at 10:30 AM Singapore time, signalled a flat to lower opening for the domestic bourses.
Indian benchmarks ended higher on Friday for seventh straight session on better-than-expected macro data and optimism ahead of the earnings season. The 30-share benchmark index closed trading at 34192.65 up by 91.52 points or by 0.27 per cent, while the NSE Nifty was at 10480.6 up by 21.95 points or by 0.21 per cent. Top traded Volumes on NSE Nifty – State Bank of India 25654020.00, ICICI Bank Ltd. 17497198.00, Hindalco Industries Ltd. 16774668.00, YES Bank Ltd. 12849690.00, Vedanta Ltd. 11510464.00, On NSE, total number of shares traded was 129.07 Crore and total turnover stood at Rs. 29219.70 Crore. On NSE Future and Options, total number of contracts traded in index futures was 227425 with a total turnover of Rs. 20200.63 Crore. Along with this total number of contracts traded in stock futures were 709769 with a total turnover of Rs. 53120.27 Crore. Total numbers of contracts for index options were 5066592 with a total turnover of Rs. 459318.08 Crore. and total numbers of contracts for stock options were 598559 with a total turnover of Rs. 45813.36 Crore. The FIIs on 13/04/2018 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 4721.42 Crore and gross debt purchased stood at Rs. 819.24 Crore, while the gross equity sold stood at Rs. 4251.83 Crore and gross debt sold stood at Rs. 644.37 Crore. Therefore, the net investment of equity and debt reported were Rs. 469.59 Crore and Rs. 174.87