The Nifty50 is likely to open lower on Monday following weak trend seen in other Asian markets. The Nifty closed 9.6 points higher at 10,817 on Friday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 46.5 points or 0.43 percent. Nifty futures were trading around 10,779-level on the Singaporean Exchange.

Wall Street stocks ended lower on Friday, capping a day of heavy trading with investors mostly pulling back from initial concerns over an escalating trade dispute between the United States and China, said a Reuters report.

Asian markets slipped on Monday as investors digested the escalation in trade tensions between the US and China after both countries announced tariffs last week. Japan's Nikkei 225 declined 0.53 percent while the Kospi slipped 0.17 percent.

China will impose additional 25 percent tariffs on 659 US goods worth USD 50 billion in response to the US announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.