Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 23 points at the opening bell.
The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at 0.58% (provisional) in November 2019 (over November 2018) compared with 0.16% (provisional) for the previous month and 4.47% during the corresponding month of the previous year.
Overseas, Asian markets were trading with minor gains on Tuesday due to lack of detail about the Sino-US trade deal, which tempered some of the exuberance that sent Wall Street to record highs overnight.
In US, stocks ended Monday's session at new records amid an upbeat tone tied to a preliminary US-China trade deal struck last week, even while questions remain over the details of the long-awaited phase-one accord.
In US economic data, the Markit purchasing managers survey for the manufacturing sector was down a touch to 52.5 in December, from 52.6, but the services sector gauge came in at 52.2, from 51.6. Any number above 50 represents a pickup in economic activity.
Back home, domestic equity market corrected on Monday amid profit booking after rallies in the past three sessions. The barometer index, the BSE Sensex, fell 70.99 points or 0.17% to 40,938.72. The Nifty 50 index slipped 26 points or 0.22% to 12,060.70.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 728.13 crore yesterday, 16 December 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 796.38 crore, yesterday, 16 December 2019, as per provisional data.
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