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Indian Shares Seen Lower On Global Cues

Indian shares are seen opening lower on Monday, mirroring weak Asian cues as investors await a slew of U.S. data later in the day on manufacturing and retail sales. Having said that, March inflation numbers due out around noon could influence trading sentiment ahead of the Reserve Bank of India's rate-setting meeting slated for tomorrow.

On Wall Street, stocks moved sharply lower on Friday, with renewed concerns about corporate earnings and the global economy contributing to the weakness in the markets. The Dow slid 1.1 percent, the tech-heavy Nasdaq fell 1.5 percent and the S&P 500 shed 1.3 percent.

Major European markets too ended sharply lower on Friday, with the U.K.'s FTSE 100 index losing a percent, while the German DAX index and the French CAC 40 index tumbled over 2 percent each.

by RTT Staff Writer

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