Weak opening expected

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 102 points at the opening bell.

Overseas, most Asian stocks were trading lower on Monday as investors grew increasingly anxious about the economic impact of China's spreading virus outbreak. Many Asian markets remain shut for the Lunar New Year holidays.

In US, stocks slid on Friday on concern the spread of China's coronavirus may disrupt travel and trade and slow global economic growth.

Back home, domestic shares advanced for second straight session on Friday, on broad-based buying support. Firmness in private banks boosted key indices higher. The barometer BSE S&P Sensex rose 226.79 points or 0.55% to 41,613.19. The Nifty 50 index added 67.90 points or 0.56% to 12,248.25.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 659.1 crore on Friday, 24 January 2020, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 417.96 crore, on Friday, 24 January 2020, as per provisional data.

Powered by Capital Market - Live News