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.

On the macro front, the all-India general CPI inflation jumped to 4.62% in October 2019 (new base 2012=100), compared with 3.99% in September 2019. The corresponding provisional inflation rate for rural area was 4.29% and urban area 5.11% in October 2019 as against 3.24% and 4.78% in September 2019.

Overseas, most Asian stocks were trading higher on Thursday as investors awaited key Chinese data. Japan's economy grew an annualised 0.2% in the third quarter, slowing sharply from a revised 1.8% expansion in April-June, preliminary gross domestic product (GDP) data released by the government showed on Thursday.

In US, the Dow Jones Industrial Average and the S&P 500 posted record closing highs on Wednesday helped by a big jump in Walt Disney shares, but the Nasdaq fell as stocks were kept in check by fresh uncertainty over U.S.-China trade relations.

Back home,the benchmark indices ended with significant losses on Wednesday, dragged by banks and metal stocks. The barometer index, the BSE Sensex fell 229.02 points or 0.57% to close at 40,116.06. The Nifty 50 index fell 73 points or 0.61% to close at 11,840.45.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 584.92 crore yesterday, 13 November 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 890.03 crore yesterday, 13 November 2019, as per provisional data.

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