The Indian stock market is likely to open on a negative note on Monday,
tracking weak global cues.
Amid concerns about a likely shutdown of the U.S. government due to a budget stalemate, Wall Street ended lower on Friday, setting up a weak start for Asian markets on Monday.
The data on current account deficit will provide some direction to the market. Ahead of September sales and shipments data from automobile and cement manufacturers, due on Tuesday, some activity is likely in the automobile and cement sectors.
The mood is likely to remain cautious for most part of the trading session. Some volatility is not ruled out.
Amid concerns about a likely shutdown of the U.S. government due to a budget stalemate, Wall Street ended lower on Friday, setting up a weak start for Asian markets on Monday.
The data on current account deficit will provide some direction to the market. Ahead of September sales and shipments data from automobile and cement manufacturers, due on Tuesday, some activity is likely in the automobile and cement sectors.
The mood is likely to remain cautious for most part of the trading session. Some volatility is not ruled out.
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