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US: U.S. stocks were higher after the close on Friday, as gains in the Consumer Goods, Consumer Services and Technology sectors led shares higher.

Asia: Asia-Pacific markets largely rose on Monday as investors further digested key manufacturing data in the region.

India: India stocks were higher after the close on Friday, as gains in the IT, Technology and Banking sectors led shares higher. At the close in NSE, the Nifty 50 gained 1.63%, while the BSE Sensex 30 index gained 1.78%.

Market is expected to open on flattish note and likely to witness positive move during the day

Global Economy: Japan's factory activity shrank at the softest pace in five months in March due to an expansion of inventories, but still-weak global and domestic demand conditions meant the post-COVID economic recovery will take a while to solidify.The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index released on Monday rose to 49.2 in March from February's 47.7, marking the slowest contraction since November 2022.

China's factory activity growth stalled in March, weighed down by slowing production and weaker global demand and adding to uncertainty about a post-COVID recovery, a private sector survey showed on Monday. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) fell to 50.0 in March. That followed February's reading of 51.6, which indicated the first monthly expansion in seven months.

Commodities: Gold prices pulled back on Monday as markets locked in some profits after a strong first quarter, with focus now turning to a slew of U.S. economic readings this week for more cues on monetary policy.

Oil prices shot up in early Asian trade on Monday after the OPEC+ unexpectedly cut production further to stabilize markets hit by fears of slowing economic growth and a potential banking crisis.

Currency: The U.S. dollar started the week higher as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production further, with traders wagering the Federal Reserve may need to increase interest rates at its next meeting.

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