Market may open higher

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 52 points at the opening bell.

Overseas, Asian stocks were trading higher. U.S. stocks closed higher Tuesday as the energy and financial sectors buoyed the market, but main indexes came off their intraday highs on tepid housing and consumer-confidence data as well as lingering uncertainties over global growth and Brexit.

U.S.-China trade negotiations resumed, reigniting some optimism that the high-stakes dispute was coming to a close. Cabinet-level trade negotiations between Beijing and Washington were scheduled to kick off, with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin due in China later this week to help conclude long-running discussions between the world's two largest economies.

Investors were also monitoring Brexit, after U.K. lawmakers decided late Monday to wrest control of the process of leaving the European Union away from Prime Minister Theresa May in a move that will prompt a series of votes this week aimed at easing legislative gridlock. A disorderly exit from the EU by Britain could unsettle global benchmarks.

Back home, key equity benchmarks jumped on Tuesday after two sessions of losses. Positive global stocks and strength in domestic currency amid firm foreign portfolio inflows helped fortify investors' sentiment. The Sensex ended well above the psychological 38,000 mark. The Sensex rose 424.50 points or 1.12% to settle at 38,233.41. The Nifty 50 index rose 129 points or 1.14% to settle at 11,483.25.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 999.02 crore yesterday, 26 March 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 196.70 crore yesterday, 26 March 2019, as per provisional data.

Among corporate news,Dr. Reddy's Laboratories announced appointment of Allan Grant Oberman as an additional director, categorized as independent, on the board of the company for a period of five years, effective 26 March 2019. The announcement was made after market hours yesterday, 26 March 2019.

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