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US: U.S. stocks were lower after the close on Friday, as losses in the Oil & Gas, Healthcare and Basic Materials sectors led shares lower.

Asia: Asian shares fell on Monday while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions from the U.S. Federal Reserve, the European Central Bank and others.

India: India stocks were lower after the close on Friday, as losses in the IT, Technology and Real Estate sectors led shares lower

Market is expected to open on a gap down note and likely to witness sideways move during the day.

Global Economy: Japan's November wholesale prices rose 9.3% from a year earlier, data showed on Monday, a rate of increase that was almost unchanged from the previous month and showed initial signs of an inflation peak amid easing global commodity prices. It was the 21st consecutive month to show an annual rise in wholesale prices.

U.S. household wealth fell by $400 billion in the third quarter as a drop in U.S. stock prices outpaced gains in real estate values. Household net worth declined to $143.3 trillion at the end of September from $143.7 trillion at the end of June.

Commodities: Gold prices fell slightly below key levels on Monday, with caution kicking in ahead of key U.S. inflation data and a Federal Reserve meeting this week, while uncertainty over rising COVID-19 cases in China weighed on copper prices.

Oil prices rose more than 1% in early Asian trade on Monday as a key Canada-United States crude pipeline stayed shut while Russian President Vladimir Putin threatened to cut production in retaliation against a Western price cap on Russian oil exports.

Currency: The dollar firmed on Monday after data showed producer prices in the United States rose more than expected last month, pointing to persistent inflationary pressures and stoking fears the Federal Reserve would need to keep rates higher for longer.

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