Indian shares are set to open higher on Monday, following positive cues from Asian markets. Progress is being made towards ending the Russia-Ukraine war. Canada and India have agreed to restart talks for a new trade deal. Gold prices are down while oil prices extend their slump. U.S. stocks rallied on Friday, with the Dow climbing 1.1 percent. European stocks fell after weak economic data. The Nasdaq Composite and S&P 500 also posted gains. The dollar remains steady amidst concerns over a potential increase in crude flows. Key data on fiscal deficit, industrial output, and GDP growth is due this week.

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