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Positive opening expected

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 12 points at the opening bell.

Overseas, Asian stocks were trading mixed on Monday after a decline in US shares following Friday's lacklustre employment report.

In US, stocks ended lower on Friday, after the Dow briefly topped the 29,000 milestone, with investor euphoria over recent record highs deflated by data showing slower-than-expected US jobs and wage growth in December.

All three major benchmarks indexes set new intraday highs on Friday.

The US Labor Department said the US economy added 145,000 new jobs in December less than the 266,000 gain in the prior month. The unemployment rate, meanwhile, held near a 50-year low at 3.5%.

Back home, key domestic indices ended the volatile trading session with modest gains on Friday. The market sentiment was upbeat amid positive global cues. The barometer BSE S&P Sensex rose 147.37 points or 0.36% to 41,599.72. The Nifty 50 index gained 40.90 points or 0.33% to 12,256.80.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 578.28 crore on Friday, 10 January 2020, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 251.74 crore, on Friday, 10 January 2020, 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, January 13 2020. 07:49 IST
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