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Market may open lower

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 25 points at the opening bell.

Overseas, most Asian stocks were trading lower as threat of military action over the attacks on Saudi oil facilities.

US stocks fell on Monday after weekend attacks on Saudi Arabia's oil facilities added to investors' concerns about geopolitical risk and a stumbling global economy.

Back home,key equity benchmarks declined on Monday, following a surge in global crude oil prices after attacks on Saudi Arabia's oil facilities. The barometer index, the S&P BSE Sensex, fell 261.68 points or 0.70% to 37,123.31. The Nifty 50 index fell 72.40 points or 0.65% to 11,003.50.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 751.26 crore yesterday, 16 September 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 308.56 crore yesterday, 16 September 2019, as per provisional data.

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

First Published: Tue, September 17 2019. 08:30 IST
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