The Nifty is likely to open flat with a positive bias, with indicator SGX Nifty trading at 8580.50, up 7.50 points at 07.45 AM. All eyes are likely to be on Hero Moto and HCL Tech, as they will be announcing their quarterly numbers today.
Auto companies are also likely to remain in focus post the July auto sales numbers.
Meanwhile, Asian stocks stumbled early on Monday as weaker energy prices and fresh manufacturing data out of China sapped risk appetite. The final reading for Caixin China purchasing managers' index (PMI) for July came in at 47.8, lower than the preliminary reading of 48.2 and marking a two-year low.
China's Shanghai Composite index plummeted 1.6 percent, with heavyweight PetroChina leading the slide. The oil and gas company fell more than 3 percent, while Sinopec and China Oilfield Services dropped 1.3 and 0.7 percent, respectively.
Among the country's other indexes, the CSI300 index lost 1.2 percent as well, while the smaller Shenzhen Composite eased 1.5 percent. Hong Kong's Hang Seng index tracked its mainland peers to head 1.6 percent lower.
Japan's Nikkei 225 index too drifted lower on softer oil prices and looming PMI data from China.
Australia's S&P ASX 200 index was on course to break a three-day winning streak, with investors dumping resources shares on the back of falling commodity prices. South Korea's Kospi index doubled losses an hour into trade, on the back of weaker blue chips.
And in the US on Friday, stocks closed mildly lower as investors digested energy earnings misses and soft data that could push an initial rate hike further out. On the data front, US labour costs in the second quarter recorded their smallest increase in 33 years. The 10-year yield edged lower, trading near 2.20 percent.
Stocks in Europe closed mostly higher amid soft US data and earnings, and the continued decline in commodities and mainland Chinese stocks.
In the currency space, dollar steadied after Friday's fall when subdued wage growth clouded the outlook on the timing for an interest rate hike.
Nymex crude, meanwhile, slipped below 47 dollars per barrel as unexpectedly slow Chinese factory growth in July raised demand concerns. The crude markets were also weighed down by OPEC's record monthly output.
In the precious metals space, gold continued to trade below 1100 dollars an ounce.
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