Indices may open slightly lower

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 6.75 points at the opening bell.

Overseas, Asian stocks were trading higher on Friday, but gains were capped by persistent worries over the status of trade negotiations between China and the United States.

U.S. stocks closed modestly lower on Thursday after investors digested mixed headlines on the progress of trade.

Chinese Vice Premier Liu He has reportedly invited U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to Beijing to sit down for further talks.

Back home,the market snapped its two-day winning run and ended with modest losses on Thursday. Investors booked profits after the Union Cabinet announced several measures on Wednesday. Negative global cues also dented trading sentiment. The barometer index, the BSE Sensex, fell 76.47 points or 0.19% to 40,575.17. The Nifty 50 index fell 30.70 points or 0.26% to 11,968.40.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 5023.54 crore yesterday, 21 November 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 274.74 crore yesterday, 21 November 2019, as per provisional data.

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