Indian benchmark indexes, the BSE Sensex and the NSE Nifty 50, are set to open lower, tracking weak global cues as US-China trade tensions escalate, adversely impacting trade sentiments across markets.
Domestically, the persisting volatility in the Indian rupee against the US dollar likely will weigh on sentiment. On Monday, financials, energy and consumers stocks in particular traded negative, while PSU oil refiners, IT, pharma and IT saw modest gains.
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