Domestic bourses are slated to start the trading for the week in the negative terrain tracking lower Asian stocks. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 27.70 points at the opening bell.

Overseas, Asian stocks dropped after the British pound plunged more than 1% on fears of hard exit by UK from the European Union, which Britain voted to leave last June. In Hong Kong, the Hang Seng Index was down 1.01%, while China's Shanghai Composite Index plunged 1.02%.

US stocks rose moderately on Friday, 13 January 2017, on the back of quarterly earnings from some of the country's biggest banks, as the Nasdaq Composite index closed at a record. Markets have been in an updraft since November's presidential election, with the bulk of the gains coming from the financial sector, as investors have bet banks would benefit from deregulation under President-elect Donald Trump's coming administration and an environment that is expected to see rising interest rates. US financial markets will be closed today, 16 January 2017, for Martin Luther King Jr. Day.

In the latest economic data, US retail sales rose 0.6% in December, less than had been expected, while holiday sales were up a better-than-expected 4%. Separately, producer prices were up 0.3% while business inventories rose 0.7%.

Among corporate news, Reliance Industries and LIC Housing Finance will announce their Q3 results today, 16 January 2017.

Coal India will be watched. The board of directors of Central Coalfields a subsidiary of Coal India approved revision of coking coal prices 14 January 2017. The increase in price is done by subsuming the washery recovery charge (WRC) which was being charged separately in the case of non-linked washery grade coking coal keeping in view the observation of ADRM. Due to this revision, Coal India (CIL) will earn approximately additional revenue of Rs 89.98 crore for the balance period of financial year 2016-2017, i.e. from 13 January 2017 to 31 March 2017 and additional revenue of Rs 222 crore for financial year 2017-2018 subject to achievement of production and dispatch target norms. The announcement was made on Saturday, 14 January 2017.

Maruti Suzuki India launched the much awaited premium urban compact vehicle for the millennials, IGNIS. The announcement was made after market hours on Friday, 13 January 2017. The price of the vehicle ranges from Rs 4.59 lakh to Rs 7.80 lakh ex-showroom Delhi across the different variants.

On the macro front, the government will announce monthly inflation data based on wholesale price index (WPI) for December 2016 today, 16 January 2017. Inflation based on WPI eased for the third straight month to 3.2% in November 2016 from 3.4% in October 2016.

Meanwhile, key benchmark indices closed the session with minuscule losses in a lacklustre trading on Friday, 13 January 2017. The Sensex fell 9.10 points or 0.03% to settle at 27,238.06, its lowest closing level since 11 January 2017.

Trading activity on Friday, 13 January 2017 showed that foreign portfolio investors (FPIs) sold shares worth a net Rs 117.59 crore, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 473.50 crore on Friday, 13 January 2017, as per provisional data.