''Indian markets are expected to open negative taking cues from global markets ahead of the Fed meeting on September 16-17. On the positive side, macro data like WPI at five year low, crude oil at 26 month low and narrowing trade deficit bodes well for the market,'' said ICICIdirect.

''Domestic markets ended lower after disappointing July IIP data that was released after market hours on Friday even as sentiments remained downbeat on expectations of the Fed hiking rates earlier than expected,'' it added.

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