The benchmark indices are likely to start Monday’s session in the negative territory amid weak global cues due to the on-going geo-political situation and rising inflation.
Global cues remain weak amid the continued war in Ukraine and no hopes of resolution on the horizon as talks between Russia and Ukraine fail to make progress.
Back home today, investors will monitor the wholesale-price index (WPI) reading for March that will be announced today. The retail inflation for the month had hit a 17-month high of 6.95 per cent from a year ago.
On Thursday, US equities closed lower as the S&P 500 fell 1.21 per cent, the Nasdaq Composite lost 2.14 per cent and the Dow Jones index shed 0.33 per cent. The futures tied to the three benchmark indices were also down up to 1 per cent.
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