Indian markets may be under pressure, Vodafone Idea, Bharti Airtel in focus

Mumbai: Indian stock markets may be wobbly at the start of the week on Monday, taking cues from global peers which were under pressure. Asian shares stepped back from three-week highs on Monday as investors weighed the near-term hit on global growth from a fast-spreading coronavirus outbreak in China, although expectations of further policy stimulus helped stem losses.

Trading is expected to be light as US stocks and bond markets will be shut on Monday for a public holiday.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.1% to 555.50, easing further from last week’s top of 558.30, which was the highest since late January.