Indian shares set to open tad lower as weak US data drags sentiment

BENGALURU : Indian shares are set to open marginally lower on Monday, amid a slide in global equities on worries of an economic slowdown in the U.S., while cooling domestic retail inflation offset much of the weakness in sentiment.India's NSE stock futures listed on the Singapore exchange SINc1 were down 0.20

BENGALURU : Indian shares are set to open marginally lower on Monday, amid a slide in global equities on worries of an economic slowdown in the U.S., while cooling domestic retail inflation offset much of the weakness in sentiment.

Wall Street equities declined after a survey showed U.S. consumer sentiment slumped to a six-month low in May on worries of a potential recession. Asian markets were subdued ahead of the rate decision by China's central bank and key macroeconomic data. "Market is awaiting fresh triggers for the next leg of the rally," said Siddhartha Khemkha, head - retail research at Motilal Oswal Financial Services Ltd.

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