MUMBAI: Indian shares are set to open lower on Friday ahead of another batch of weak economic data expected next week and fading hopes for a resolution to the euro zone's debt problems.
India's industrial output likely shrank 0.5 percent in October from the same month a year ago, its first decline in over two years, hurt by a slowdown in export growth, a Reuters poll showed.
The data is due on Monday. "The global markets have fallen and our market will continue to underperform ahead of the RBI's monetary policy next week," Neeraj Dewan, director at Quantum Securities, said.
