Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 14 points at the opening bell.
The Cabinet Committee on Economic Affairs has accorded 'In-principle' approval for strategic disinvestment in select CPSEs including Bharat Petroleum Corporation (BPCL), Shipping Corporation of India (SCI), Container Corporation of India, Tehri Hydro Development Corporation India and North Eastern Electric Power Corporation.
Overseas, Asian stocks were trading lower Thursday amid concerns 'phase one' US-China trade deal may not be signed in 2019 as China seeks more extensive tariff rollbacks.
U.S. stocks ended in the red Wednesday, after a report that a trade deal might not be completed this year and after China condemned a U.S. Senate resolution supporting human rights in Hong Kong.
Minutes of the October meeting of the Federal Reserve's interest-rate-setting committee suggested the bank will not likely change interest rates soon.
Back home, key equity barometers ended with decent gains on Wednesday, supported by strong gains in index heavyweight Reliance Industries. The Nifty ended just below the 12,000 level. The barometer index, the BSE Sensex, rose 181.94 points or 0.45% to 40,651.64. The Nifty 50 index rose 59 points or 0.49% to 11,999.10.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 566.52 crore yesterday, 20 November 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 183.41 crore yesterday, 20 November 2019, as per provisional data.
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