Market may open higher

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 63 points at the opening bell.

Overseas, Asian stocks climbed, following a surge in US equities, and as a well-worn path of North Korean missile tests did little to dent investors' optimism in the strength of global earnings and economic growth. US stocks rose to records yesterday, 28 November 2017 as corporate tax cuts inched closer to reality after passing another hurdle in the Senate.

Back home,key benchmark indices corrected on profit booking yesterday, 28 November 2017 after rising in the previous eight trading sessions. The Sensex fell 105.85 points or 0.31% to settle at 33,618.59, its lowest closing level since 23 November 2017.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 12.24 crore yesterday, 28 November 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 428.15 crore yesterday, 28 November 2017, as per provisional data.

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