Indian stock markets are likely to be volatile in Monday’s trading session, as caution gripped Asian peers on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while US crude prices took an early spill.
Trends in SGX Nifty suggest a weak opening. Japan reported its exports fell almost 12% in March from a year earlier, with shipments down over 16%.
Early readings on April manufacturing globally are due on Thursday and are expected to show recession-like readings. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2% in slow early trade, with a pause needed after five straight weeks of gains.