At 7:30 am, the SGX Nifty futures were around 70 points lower at 18,580 levels.
US equity futures were also down up to 1 per cent in post-market deals after a tepid close in the cash market on Friday.
Back home, market action will be guided by global peers today. While in the primary market, new IPO of agrochemical company Dharmaj Crop Guard will open for subscription. The price band of the issue is fixed at Rs Rs 216-237 per share.
In the secondary market, Paytm will be in focus after the Reserve Bank of India (RBI) refused to grant a payment aggregator license to subsidiary Paytm Payments Services (PPSL).
IEX will also be on the radar after its board approved share buyback proposal worth Rs 98 crore.
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