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Weakness across Asian markets and a 2 per cent drop in the US market in Friday's trade are likely to weigh in on the domestic sentiment when the equity market resumes trade on Monday.Volatility may surge ahead of the November wholesale and consumer price inflation data scheduled for release later in the day, while some investors may opt for lightening positions ahead of the US Fed Reserve's two-day rate-setting meeting that begins on Tuesday.
Asian stocks fell on Monday and China's yuan hit fresh 4-1/2 year lows as plunging oil prices added to investors' nervousness about riskier assets ahead of an expected U.S. rate rise by the Federal Reserve later in the week.The People's Bank of China (PBOC) on Monday continued guiding the currency lower, setting the yuan/dollar official midpoint at its weakest since July 2011.
Weakness across Asian markets and a 2 per cent drop in the US market in Friday's trade are likely to weigh in on the domestic sentiment when the equity market resumes trade on Monday.Volatility may surge ahead of the November wholesale and consumer price inflation data scheduled for release later in the day, while some investors may opt for lightening positions ahead of the US Fed Reserve's two-day rate-setting meeting that begins on Tuesday. 
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