Indian shares are seen opening lower on Monday, mirroring weak Asian cues as China didn't cut banks' reserve requirements that some economists had predicted would come before the Lunar New Year holiday and data showed the world's largest economy expanded less than forecast in the fourth quarter.Also, caution prevails ahead of a European summit in Brussels later in the day.
Closer home, Allahabad Bank, Balrampur Chini, Havells India, Indian Bank, LIC Housing Finance, Novartis India, Oriental Bank and Punjab & Sind Bank are among the companies that will unveil their quarterly earnings today.
Meanwhile, BHEL, India's largest capital goods manufacturer, reported a 2 percent increase in quarterly profit, missing analysts' estimates.
U.S. stocks turned in a lackluster performance before closing on a mixed note Friday, as investors digested a report showing somewhat weaker than expected U.S. economic growth in the final three months of last year.
However, an upbeat report on consumer sentiment in January helped to offset some of the negative sentiment generated by the GDP report. The tech-heavy Nasdaq closed in positive territory, while the Dow lost 0.6 percent and the S&P 500 shed 0.2 percent.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.