Nifty Seen Opening Lower on Mixed Global Cues

"The week being an expiry week, markets would continue to see wild fluctuations. The budget outcome, coal mining scam, possibility of no rate cut by RBI in April etc... are some of the critical factors to which the market is now adjusting itself," said Saurabh Jain, Associate Vice President - Research (Equity), SMC Advisors and Investments.
On Friday, US stocks scaled higher however S&P registered 0.5% drop for the week, which was its worst performance since the last week of December.
For the week, the Dow fell 1.2 per cent and the S&P 500 lost 0.5 per cent, while the Nasdaq added 0.4 per cent. It was the Nasdaq's sixth-straight week of gains, following a dip of 0.06
per cent early last month.
On Friday, Dow Jones industrial average gained 34.59 points, or 0.27 percent, to 13,080.73 at the close. The S&P 500 Index rose 4.33 points, or 0.31 percent, to 1,397.11. The Nasdaq Composite added 4.60 points, or 0.15 percent, to 3,067.92.
Asian shares edged up on Monday however, fear of the impact of an economic slowdown in China still looms. Asian equity markets which had got off to a flying start in 2012, saw some unwinding since China lowered its growth forecast for the year to 7.5% in March.
In commodity markets, copper rose 0.4 percent to around $8,410 a tonne, while Brent crude oil slipped 0.1 percent to $125 a barrel and U.S. crude lost 0.2 percent to $106.70.
Japan's Nikkei 225 index was trading 0.2% higher at 10,038.62 and Hong Kong's Hang Seng index was trading lower at 20,646.12, down 0.1%. South Korea's Kospi index was trading 0.3% lower at 2020.45. China's Shanghai index was trading at 2346, down 0.1%.


At 08:00 AM, Nifty India stock futures in Singapore were down 17 points at 5,274.00, indicating a negative opening in the domestic market.
Stocks to watch:
Maruti Suzuki Ltd after the Nation's largest carmaker has increased the prices of its vehicles by up to Rs 17,000 following the hike in excise duty in the Budget.
Indian Overseas Bank (IOB) said its shareholders have approved raising funds of up to Rs 1,977.63 crore via a preferential issue of shares to the government and Life Insurance Corporation (LIC).
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