''Indian markets are likely to open on a higher note on the back of positive Asian cues. Today, the markets would react to India's IIP and inflation data, which were released on Friday,'' said ICICIdirect.

Domestic markets ended in the negative territory as investors awaited a new series of industrial output and inflation data due later in the day.

US markets ended on a mixed note on the back of announcement of disappointing retailer sales data.

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