Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 13.50 points at the opening bell. Macroeconomic data of Consumer Price Index (CPI) for January and Index of Industrial Production (IIP) for December 2018 is slated to be released later in the day.
Overseas, most Asian stocks rose with investors looking to a new round of Sino-US trade talks as the world's two largest economies try to resolve a tariff dispute that has put a dent on global growth and corporate earnings.
US stocks closed mostly higher Monday after a choppy session as a round of US-China tariff negotiations in Beijing commenced and as the threat of another partial government shutdown loomed.
The latest round of trade negotiations between the US and China began Monday with working-level talks in Beijing, while Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer are reportedly due to arrive Thursday for more high-level discussions.
In Europe, the UK, meanwhile, is bracing to exit the European Union on March 29 with or without a trade agreement in hand.
Back home,key equity indices declined for second straight session yesterday, 11 February 2019 due to selling pressure in index pivotals. Investors worried over global uncertainties amid lingering fears over US-China trade talks and global growth. The Sensex fell 151.45 points or 0.41% to settle at 36,395.03, its lowest closing level since 31 January 2019.
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 125.05 crore yesterday, 11 February 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 232.55 crore yesterday, 11 February 2019, as per provisional data.
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