Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 30 points at the opening bell.
Overseas, Asian markets were trading higher as investor optimism was boosted by hopes that US-China trade deal would soon be signed.
In US, stocks powered higher again on Thursday, helped by reports of record year-end retail sales.
Traders returned from their Christmas and Boxing Day break to digest reports from Beijing that it was in close contact with Washington about an initial trade agreement, shortly after US President Donald Trump reportedly talked about signing ceremony for the recently struck Phase 1 trade deal.
On economic front, the number of people filing for US unemployment benefits slid for a second straight week.
Back home, the benchmark indices ended lower for third consecutive session on Thursday. Trading was volatile as December F&O contracts expired. The barometer index, the BSE Sensex, fell 297.50 points or 0.72% to 41,163.76. The Nifty 50 index lost 88 points or 0.72% to 12,126.55.
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 504.13 crore yesterday, 26 December 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 120.46 crore, yesterday, 26 December 2019, as per provisional data.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
