The Indian benchmark indices are set to open lower on Monday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note as investors digested the escalation in trade tensions between the US and China, while Wall Street closed lower in the previous trading session after the US Federal Reserve on escalating trade tensions between US and China.
On the economy front, the markets may react to a report that India’s trade deficit widened to four-month high of USD14.62 billion in May as imports surged nearly 15 percent. Also, foreign investors have pulled out more than Rs 5,500 crore from capital markets this month so far due to global trade war worries coupled with hawkish commentary by the US Federal Reserve.
Also, India's exports grew 20.18 percent to USD 28.86 billion in May, the highest in six months.
Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,776, down by 50 point.