Market may open lower

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 34 points at the opening bell.

Overseas, most Asian stocks were trading lower on Wednesday as investors assessed the potential impact arising from increased political turmoil in US, the in world's largest economy.

US stocks fell in volatile trade on Tuesday, as a push for the impeachment of US President Donald Trump gained momentum among Democrats in the US Congress.

Meanwhile, US President Donald Trump said on Tuesday he expected to have a trade deal of some kind between the United States and India soon.

Back home,key benchmarks ended almost flat on Tuesday after surging in previous two sessions. Banks and metal stocks witnessed correction after recent rally. IT stocks bounced after steep losses in the past two sessions. The barometer index, the S&P BSE Sensex, rose 7.11 points or 0.02% to 39,097.14. The Nifty 50 index fell 12 points or 0.10% to 11,588.20.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 828.49 crore yesterday, 24 September 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 472.81 crore yesterday, 24 September 2019, as per provisional data.

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