Market may open higher

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 15 points at the opening bell.

Overseas, Asian markets were trading higher on Monday as investors awaited a fresh round of U.S.-China trade negotiations set to begin later this week.

Principal-level trade negotiations between the United States and China are reportedly set to begin on Thursday in Washington. Tariffs on $250 billion worth of Chinese goods are scheduled to rise to 30% on 15 October 2019. Both countries have slapped tariffs on billions of dollars worth of each other's goods, which has roiled global markets, created uncertainty and dampened economic growth outlooks around the world.

US markets rallied on Friday after data showed the U.S. unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world's largest economy.

U.S. jobs data released Friday showed moderate growth as the jobless rate in September fell to a 50-year low while nonfarm payrolls rose by 136,000 in September.

Back home,key barometers extended losses for fifth consecutive session on Friday, dragged by selling pressure in banks stocks. Market sentiment was dented after the Reserve Bank of India (RBI) cut its FY20 GDP growth rate forecast sharply to 6.1% from 6.9%. The barometer index, the S&P BSE Sensex, fell 433.56 points or 1.14% to 37,673.31. The Nifty 50 index fell 139.25 points or 1.23% to 11,174.75.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 682.93 crore on Friday, 4 October 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 606.28 crore on Friday, 4 October 2019, as per provisional data.

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