Positive opening expected

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 32 points at the opening bell.

Overseas, most Asian stocks were trading lower on Friday as worries over rapid spread of the deadly coronavirus virus kept investors on guard.

In US, stocks ended mixed on Thursday, recovering from early losses, as investors digested earnings reports and took heart from a World Health Organization decision to refrain from declaring China's coronavirus outbreak a global emergency.

Back home, the Sensex and the Nifty snapped three-day losing streak on Thursday. Domestic shares got a boost after crude oil prices fell to their lowest in seven weeks as the disease outbreak in China could trigger slowdown in air travel. The barometer BSE S&P Sensex rose 271.02 points or 0.66% to 41,386.40. The Nifty 50 index added 73 points or 0.60% to 12,179.90.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 1352.13 crore yesterday, 23 January 2020, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 984.56 crore, yesterday, 23 January 2020, as per provisional data.

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