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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 31 points at the opening bell. ITC and Maruti Suzuki India will announce their quarterly results today, 24 October 2019.

On the political front, results of the assembly elections will be declared today, 24 October 2019. Exit polls predicted a comfortable win for the BJP in Maharashtra and Haryana assembly elections. Polling was held on 21 October 2019.

Overseas, Asian shares are trading higher on Thursday with corporate earnings buffeting trading as investors remained anxious about the business impact of the Sino-U.S. trade war while Brexit uncertainties kept overall sentiment in check.

U.S. stocks edged higher on Wednesday as investors shrugged off lackluster quarterly reports from industrial bellwethers Boeing Co and Caterpillar Inc.

EU member states on Wednesday delayed a decision on whether to grant Britain a three-month Brexit extension. Prime Minister Boris Johnson said if the deadline is deferred to the end of January, he would call an election.

Back home,key equity barometers resumed uptrend on Wednesday after a day's breather. The barometer index, the BSE Sensex, rose 94.99 points or 0.24% to 39,058.83. The Nifty 50 index rose 15.75 points or 0.14% to 11,604.10.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 213.23 crore yesterday, 23 October 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 137.38 crore yesterday, 23 October 2019, as per provisional data.

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