Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 28 points at the opening bell.
Overseas, most Asian markets were trading lower on Thursday as investors sat on the sidelines with little in the way of fresh catalysts after the year's big run-up. Investors are also keeping an eye on impeachment proceedings in the US.
In US, stocks extended winning streak on Wednesday with the boost in sentiment from a preliminary US-China trade.
Investors remained largely unfazed by impeachment proceedings against President Donald Trump led by House Democrats.
The United States House of Representatives on Wednesday voted largely along party lines to impeach President Donald Trump for obstruction of Congress and abuse of power related to his dealings with Ukraine. Trump is only the third president in US history to be impeached by the full House.
The trial on removing Trump from office will now move to the Senate. Republicans hold a solid majority and are expected to exonerate him in the Senate.
Back home, key equity benchmarks closed at record high levels for second session in a row on Wednesday. Strong inflows from foreign institutional investors (FIIs) in the past few sessions improved trading sentiment. The barometer index, the BSE Sensex, rose 206.40 points or 0.50% to 41,558.57, its record closing high. The Nifty 50 index gained 56.65 points or 0.47% to 12,221.65, its record closing high.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 1836.81 crore yesterday, 18 December 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 1267.57 crore, yesterday, 18 December 2019, as per provisional data.
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