Market may open positive

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 24 points at the opening bell.

Overseas, Asian stocks were trading higher on Tuesday on mounting speculation policymakers around the world would move to ease the economic fallout from the spreading coronavirus.

In US, the Dow Jones Industrial Average scored its biggest one-day percentage gain in nearly 11 years on Monday, as stocks bounced back sharply from the previous week's selloff, with the rebound fuelled by expectations that policy makers will move to cushion the impact of the COVID-19 outbreak on the global economy. The Dow Jones rallied 1,294 points, most in its history.

Back home, the domestic stock market recoiled after a robust start on Monday as two fresh coronavirus cases were reported in the country. The S&P BSE Sensex, slipped 153.27 points or 0.40% at 38,144.02. The Nifty 50 index tumbled 69 points or 0.62% at 11,132.75.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 1354.72 crore yesterday, 2 March 2020, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1138.74 crore, yesterday, 2 March 2020, as per provisional data.

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