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Stocks may open on a soft note

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 10 points at the opening bell.

Overseas, most Asian stocks were trading lower as investors looked to earnings and clues from policy makers for the next catalyst.

U.S. stocks settled at record high Monday as investors digested second-quarter results from Citigroup and awaited a wave of second-quarter earnings.

On the economic data front, the New York Fed's Empire State manufacturing survey rebounded to 4.3 in July, from minus 8.6 in June.

Back home,key domestic indices edged higher on Monday, led by IT major Infosys raising its revenue forecast. Strength in other Asian indices also supported gains. The Sensex rose 160.48 points or 0.41% to settle at 38,896.71. The Nifty 50 index rose 35.85 points or 0.31% to settle at 11,588.35.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 216.44 crore yesterday, 15 July 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 591.72 crore yesterday, 15 July 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: Tue, July 16 2019. 08:30 IST
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