Markets are likely to open lower tracking losses in their Asian peers and sharp overnight decline on Wall Street.
At 8:20AM, the early indicator SGX Nifty was down 30 points at 8,452.
 Markets are also likely to react to the current account data (CAD) which at 2.1% of the GDP for the July-September quarter is higher compared to same quarter last fiscal when the figure was 1.2%.
Meanwhile, foreign institutional investors were net buyers in Indian equities worth Rs 4,984.60 crore on Monday, as per provisional stock exchange data.
Asian markets have opened lower. Nikkei index has lost around 0.3% while the Shanghai Composite and the Hang Seng indices have declined by 0.2% and 1% each.
Overnight, US markets ended lower dragged by losses in energy shares as crude oil prices dropped down to a five-year low. Worries about global growth also dampened sentiments.  Data showed China’s exports grew at a slower-than-expected pace and imports dropped in November, while Japan’s economy shrank more than expected in the third quarter.
The Dow Jones industrial average declined 0.6% to 17,852.48, the S&P 500  ended lower by 0.7% to 2,060.31 and the Nasdaq Composite lost  0.8%, to 4,740.69.
Stocks to Watch
Sun Pharma may witness fresh buying as its bid to acquire Ranbaxy has received approval from CCI, though with certain riders.

 Oil marketing companies, like BPCL, HPCL and IOC will be in focus as crude oil prices slid another 4% to new five-year lows on Monday.
ITC will be in focus as the company is planning to invest around Rs 1,000 crore to get into the dairy and juice business, according to media reports.
ICICI Bank will be in focus as after SBI, HDFC Bank & Axis Bank now ICICI Bank has also decided to charge its own customers for using their Automated Teller Machines (ATMs) after five transactions.

Kotak Mahindra will be in focus on plans to expand its consumer banking business by 18% on the back of a robust service sector and improved asset quality, according to Shanti Ekambaram, president (consumer banking) at Kotak Mahindra Bank.

Cadila Healthcare may come under pressure on voluntary recall of certain medicines from the US market.
DLF will be in focus as on Monday Kerala high court ordered it to demolish portions of its premium waterfront residential project in Kochi, DLF Riverside, which were construction in violation of the CRZ rules
SpiceJet may extend losses as it has cancelled 1,861 flights on various routes between December 8 and 31.