Market may open on a flat note

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 2 points at the opening bell. Shares of Infosys will react to its Q2 result announced after market hours on Friday, 11 October 2019. Shares of IRCTC will debut on the bourses today, 14 October 2019.

India's industrial production (base year 2011-12=100) declined 1.1% in August 2019, while snapping consistent growth for last 25 straight months. Also, the pace of decline in industrial production was highest in August 2019 for 2011-12 base year data. As per the revised data for industrial production of July 2019, the growth is higher at 4.6% compared with 4.3% growth reported provisionally. The data was announced after market hours on Friday, 11 October 2019.

Shares of IRCTC will debut on the bourses today, 14 October 2019. The IPO was subscribed 112 times. IRCTC's IPO had opened for subscription on 30 September 2019 and closed on 3 October 2019. The price band for IPO was Rs 315 to Rs 320 per share.

India's growth rate is projected to fall to 6% in this fiscal year, the World Bank said. In 2018-19, the growth rate of the country stood at 6.9%. However, the bank in its latest edition of the South Asia Economic Focus said the country was expected to gradually recover to 6.9% in 2021 and 7.2% in 2022 as it assumed that the monetary stance would remain accommodative, given benign price dynamics.

Overseas, Asian shares were trading higher on Monday as signs of progress in the Sino-US trade standoff whetted risk appetites.

US stocks gained on Friday after the announcement of a partial trade deal between the United States and China.

President Donald Trump on Friday said Chinese and American officials were working toward meaningful progress in trade talks, boosting hopes for a detente in the two sides' damaging trade war.

Back home,equity barometers ended with modest gains on Friday amid positive global cues fueled by hopes of a trade deal between the US and China. The barometer index, the BSE Sensex, rose 246.68 points or 0.65% to 38,127.08. The Nifty 50 index rose 66.70 points or 0.59% to 11,301.25.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 749.74 crore on Friday, 11 October 2019 , as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 703.02 crore on Friday, 11 October 2019, as per provisional data.

Among corporate news,software major Infosys' consolidated net profit rose 5.8% to Rs 4019 crore on a 3.8% increase in revenue from operations to Rs 22,629 crore in Q2 September 2019 over Q1 June 2019. The result was announced after market hours on Friday, 11 October 2019.

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