Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 9 points at the opening bell.
Overseas, Asian stocks were trading on a mixed note on Wednesday, as deeper worries about the global economy kept a lid on sentiment.
US stocks slipped on Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised US recession worries and uncertainty over any progress in trade negotiations between the United States and China took a toll.
Back home,domestic shares rose for a third straight trading session on Tuesday. Easing global trade war worries and expectations of more stimulus measures by the government boosted sentiment. A huge dividend from the Reserve Bank of India (RBI) to the government also supported buying. The barometer index, the S&P BSE Sensex, rose 147.15 points or 0.39% to 37,641.27. The Nifty 50 index rose 47.50 points or 0.43% to 11,105.35.
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 923.94 crore yesterday, 27 August 2019 as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1162.65 crore yesterday, 27 August 2019, as per provisional data.
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