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Market may open on flat note

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 5 points at the opening bell.

Overseas, Asian stocks were trading higher as growing optimism over U.S.-China trade talks and upbeat U.S. job data boosted global investors' appetite for riskier assets.

U.S. stocks gained on Friday as the S&P 500 set a closing record for the third time in five days after an upbeat U.S. jobs report and data on Chinese manufacturing eased concerns about slowing global growth.

The United States and China both said on Friday that they had made progress in talks aimed at defusing their protracted 16-month-long trade war, and U.S. officials reportedly said a deal could be signed this month.

Back home,key equity benchmarks ended with tepid gains on Friday. The barometer index, the BSE Sensex rose 35.98 points or 0.09% to 40,165.03. The Nifty 50 index rose 22.05 points or 0.19% to 11,899.50. Strong gains were capped as weak domestic economic data spoiled sentiment.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 533.37 crore on Friday, 1 November 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 136.50 crore on Friday, 1 November 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: Mon, November 04 2019. 08:24 IST
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