Stocks may open marginally negative

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 25 points at the opening bell.

Overseas, Asian stocks were trading higher on Thursday after an emergency US spending bill to combat the impact of the coronavirus added to signs of support from policy makers around the world.

In US, stocks surged to close higher on Wednesday, as investors warmed to the Federal Reserve's surprise interest rate cut and support from other central banks, as well as former Vice President Joe Biden emerging as the frontrunner of the Democratic Party's presidential race.

Back home, the domestic stock market sharply came off day's low and ended with modest losses on Wednesday. The S&P BSE Sensex, fell 214.22 points or 0.55% at 38,409.48 The Nifty 50 index lost 49.10 points or 0.43% at 11,254.20.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 878.38 crore yesterday, 4 March 2020, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 764.13 crore, yesterday, 4 March 2020, as per provisional data.

Powered by Capital Market - Live News