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Market headed for a positive start

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 23.50 points at the opening bell.

Overseas, Asia shares were mixed on Thursday amid uncertainties surrounding the global economic outlook as well as the ongoing US-China trade fight.

US stocks closed higher on Wednesday as upbeat earnings from corporate heavyweights helped to assuage lingering worries over global growth and US-China trade tensions.

Meanwhile, the Senate was poised to vote Thursday on dueling proposals to reopen the government. A partial shutdown entered its 33rd day on Wednesday.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 775.82 crore on Wednesday, 23 January 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 583.77 crore on Wednesday, 23 January 2019, as per provisional data.

Domestic stocks ended with sharp losses on Wednesday, 23 January 2019, led by slide in index pivotals ITC, HDFC Bank and Infosys. The barometer index, the S&P BSE Sensex, fell 336.17 points or 0.92% to settle at 36,108.47. The Nifty 50 index fell 91.25 points or 0.84% to settle at 10,831.50.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 24 2019. 08:03 IST