Market may open in red

The Indian benchmark indices on Friday got off to a cautious start and thereafter indices slipped to mark intraday low in the afternoon session. However, buying interest emerged at lower levels and indices managed to close the session above the neutral line. To end with, the NSE's 50-share broadly followed index Nifty gained 21 points to settle above the crucial 9,650 mark, while Bombay Stock Exchange's Sensitive Index-Sensex advanced about 49 points and closed at 31,262 marks.

The European markets ended Friday's session with modest gains. Investors were largely able to shrug off the inconclusive results of the U.K. election. The DAX of Germany climbed 0.80 percent and the CAC 40 of France rose by 0.67 percent. The FTSE 100 of the U.K. gained 1.04 percent.

After registering record intraday highs early in the day, U.S. stocks gave back some ground over the course of the trading day on Friday. The tech-heavy Nasdaq Composite pulled back decisively into negative territory, but the Dow Jones managed to finish the day in the positive territory. The Nasdaq Composite Index plunged 114 points to close at 6,208. The S&P 500 index shed 2 points to end at 2,432. The Dow Jones Industrial Average surged 89 points to close at 21,272.

Most of the Asian markets were trading in negative terrain on Monday. Japan’s market Nikkei 225 has shed 75 points. Hong Kong’s Hang Seng has lost 103 points. China’s Shanghai Composite has gained 4 points.

At 7:57 am, SGX Nifty Index was trading with losses of 48 points at 9,634, indicating a negative start for Indian indices. A slew of economic data are slated to be released today- IIP data and CPI Inflation numbers.