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Market may open near flat line

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 6 points at the opening bell.

Overseas, Asian markets were trading lower on Wednesday as Sino-US trade talks approached a weekend deadline with little sign of progress.

In US, stocks ended lower Tuesday, setting a two-day losing streak, as a looming 15 December deadline for additional tariffs on Chinese goods weighed down Wall Street.

Back home, key equity market barometers ended with modest losses on Tuesday as negative global cues and firm crude oil prices spooked investors. The barometer index, the BSE Sensex, fell 247.55 points or 0.61% to close at 40,239.88. The Nifty 50 index fell 80.70 points or 0.68% to end at 11,856.80.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 366.79 crore yesterday, 10 December 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 338.40 crore, yesterday, 10 December 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: Wed, December 11 2019. 07:56 IST
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