Market is seen opening higher tracking positive leads from Asian markets and overnight rally on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 29.50 points at the opening bell.
Overseas, Asian stocks extended yesterday's gains, mirroring strength in the US equities overnight as concerns faded over the potential damage of Hurricane Irma and as Korean Peninsula tensions took a backseat.
US stocks closed sharply higher on Monday, as Hurricane Irma hit Florida with less force than expected and North Korea failed to conduct another nuclear missile test over the weekend, helping to lure investors into buying assets perceived as risky like equities. The Dow Jones Industrial Average closed about 259.58 points, or 1.2%, higher at 22,057.37, while the S&P 500 index climbed 1.1% at 2,488.11, marking a fresh record for the broad-market gauge. The Nasdaq Composite Index rallied 1.1% at 6,432.26, and ended within range of its all-time closing high.
Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 392.52 crore yesterday, 11 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 877.37 crore yesterday, 11 September 2017, as per provisional data.
Key benchmark indices logged modest gains on positive global cues yesterday, 11 September 2017. The barometer index, the S&P BSE Sensex, gained 194.64 points or 0.61% to settle at 31,882.16. The Nifty 50 index advanced 71.25 points or 0.72% to settle at 10,006.05.
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