Indices may see soft opening

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 18 points at the opening bell.

Overseas, Asian shares slipped on Tuesday, echoing falls on Wall Street, as investors locked in gains made since the US and China reached a preliminary trade deal earlier this month.

In US, stock indexes retreated on Monday, the penultimate session of 2019, following a powerful stretch of returns, supported in the final few weeks by optimism over an initial trade pact with China.

On economic front, the November US trade deficit fell to a more than 27-month low, down 5.4%,.

Contracts to buy previously-owned US homes rose in November, according to the National Association of Realtors.

Back home, after a volatile trade on Monday, the Sensex ended almost flat while the Nifty crawled higher. Negative global shares and high crude oil prices spoiled investors' sentiment. The barometer index, the BSE Sensex, fell 17.14 points or 0.04% to 41,558. The Nifty 50 index gained 10.05 points or 0.08% to 12,255.85.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 130.52 crore yesterday, 30 December 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 201.32 crore, yesterday, 30 December 2019, as per provisional data.

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