Stocks may open lower

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 18 points at the opening bell.

Overseas, Asian stocks were trading mixed on Tuesday as investors awaited clearer news on the progress of trade negotiations between the two major economies.

US stocks eked out fresh all-time highs on Monday, notching slight gains as progress toward a so-called phase-one U.S.-China trade agreement remained elusive.

The Trump administration on Monday issued a 90-day extension of a license allowing U.S. companies to continue doing business with Chinese telecom giant Huawei Technologies Co.

Chinese Vice Premier Liu He, the country's top trade negotiator, reportedly held a phone conversation with U.S. Trade Rep. Robert Lighthizer and Treasury Secretary Steven Mnuchin on Saturday, describing the discussions as constructive.

Back home,key equity barometers reversed early gains and ended with small losses on Monday. The barometer index, the BSE Sensex, fell 72.50 points or 0.18% to close at a 40,284.19. The Nifty 50 index fell 1.20 points or 0.01% to close at a 11,894.25.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 270.66 crore yesterday, 18 November 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 309.45 crore yesterday, 18 November 2019, as per provisional data.

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