Indices may trade on a weak note

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 32 points at the opening bell.

Overseas, Asian shares were trading lower on Wednesday as fresh worries about a global recession led investors to dump risky assets, with US President Donald Trump showing no signs of backing down in his trade war with China.

Financial shares led US stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week.

Back home,the key equity barometers reversed early gains and ended with modest losses on Tuesday. The Nifty managed to end above the crucial 11,000 mark after flirting with that level in intraday. The Sensex fell 74.48 points or 0.20% to settle at 37,328.01. The Nifty 50 index fell 36.90 points or 0.33% to settle at 11,017.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 373.23 crore yesterday, 20 August 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 296.41 crore yesterday, 20 August 2019, as per provisional data.

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