NSE Nifty futures traded on the Singapore Exchange are down 0.5 percent, while the MSCI-Asia Pacific excluding Japan index slumps 1.1 percent.
Asian stocks slipped in early trade and the dollar stepped back from its recent highs as disappointing Chinese trade data and uncertainty over the crisis in Ukraine kept risk appetite in check.
US stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher.
KEY EVENTS/FACTORS TO WATCH
The Society of Indian Automobile Manufacturers will release industry sales data for February, when demand remained mostly subdued despite price cuts half-way through the month
INDIAN STOCKS TO WATCH
Reliance Industries discoveries approved without appraisal: CAG
Apollo Hospitals postpones plans to list in Singapore
Infotech Enterprises says US unit to acquire Softential Inc
Mahindra & Mahindra Ltd says gets Bombay High Court nod to merge truck business with co
Japan's Aeon denies Indian retail JV talks, Carrefour silent
Financial Technologies (India) appoints financial advisor for divestment of MCX stake
Tech Mahindra, Microsoft to co-develop spring release of Microsoft Dynamics CRM Petronas secures Indian partners for Canadian LNG plan
GSK increases stake in Indian subsidiary to 75 pct
KKR to lend 20 bln rupees to Hotel Leela Venture