Market may open near flat line

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 3 points at the opening bell.

The Union Cabinet chaired by Prime Minister Narendra Modi yesterday approved the establishment of a 'Special Window' fund to provide priority debt financing for the completion of stalled housing projects that are in the Affordable and Middle-Income Housing sector. For the purposes of the fund, the government shall act as the Sponsor and the total commitment to be infused by the Government would be upto Rs 10,000 crore.

Overseas, Asian shares were trading mixed on Thursday.

US stocks ended little changed on Wednesday as a report the U.S.-China trade deal could be delayed until December was offset by gains in healthcare shares.

A meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign a long-awaited interim trade deal could be delayed until December as discussions continue over terms and venue.

Back home,key equity benchmarks reversed early losses and ended in the green on Wednesday. Positive global cues supported sentiment. The barometer index, the BSE Sensex rose 221.55 points or 0.55% to close at a 40,469.78. The Nifty 50 index rose 48.85 points or 0.41% to 11,966.05.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 1011.49 crore yesterday, 6 November 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 1117.25 crore yesterday, 6 November 2019, as per provisional data.

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