Market may open in green

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 12 points at the opening bell.

Overseas, most Asian stocks were trading higher Wednesday on relief over Washington's temporary relaxation of curbs against China's Huawei Technologies.

In US, shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co, alleviating investor concerns about pressure on future corporate results in the sector.

Back home,domestic stocks dropped in volatile session of trade yesterday, 21 May 2019 led by slide in HDFC Bank, Infosys and ICICI Bank. However, gains in index heavyweight Reliance Industries cushioned losses. The Sensex and the Nifty reversed direction after scaling record high in intraday trade. The barometer index, the S&P BSE Sensex, lost 382.87 points or 0.97% at 38,969.80. The Nifty 50 index lost 119.15 points or 1.01% at 11,709.10.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 1185.44 crore yesterday, 21 May 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 1090.32 crore yesterday, 21 May 2019, as per provisional data.

Among corporate news,Cipla and IndusInd Bank will unveil January-March 2019 quarterly earnings today, 22 May 2019.

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