Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 10 points at the opening bell.
Overseas, most Asian markets were trading higher as investors remained optimistic amid easing worries about US-China trade tensions and on hopes of a global economic pickup next year. Some of the markets in the Asian region continued to remain closed for holidays.
In US, stocks ended nearly flat on Tuesday in a shortened trading session before closing for Christmas Day.
Investors have been encouraged by plans for an interim US-Chinese trade deal despite having seen few details.
US markets will reopen on Thursday.
Back home, markets were closed on Wednesday, 25 December 2019, for Christmas. The market declined for second consecutive session on Tuesday, as investors locked in some of the recent gains in thin trading ahead of the Christmas holiday on Wednesday. The barometer index, the BSE Sensex, fell 181.40 points or 0.44% to 41,461.26. The Nifty 50 index lost 50.75 points or 0.41% to 12,212.
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 114.38 crore on Tuesday, 24 December 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 345.22 crore, Tuesday, 24 December 2019, as per provisional data.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app