Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 2 points at the opening bell.
On the macro front, the all-India general CPI inflation jumped to 4.62% in October 2019 (new base 2012=100), compared with 3.99% in September 2019. The corresponding provisional inflation rate for rural area was 4.29% and urban area 5.11% in October 2019 as against 3.24% and 4.78% in September 2019.
Overseas, most Asian stocks were trading higher on Thursday as investors awaited key Chinese data. Japan's economy grew an annualised 0.2% in the third quarter, slowing sharply from a revised 1.8% expansion in April-June, preliminary gross domestic product (GDP) data released by the government showed on Thursday.
In US, the Dow Jones Industrial Average and the S&P 500 posted record closing highs on Wednesday helped by a big jump in Walt Disney shares, but the Nasdaq fell as stocks were kept in check by fresh uncertainty over U.S.-China trade relations.
Back home, the benchmark indices ended with significant losses on Wednesday, dragged by banks and metal stocks. The barometer index, the BSE Sensex fell 229.02 points or 0.57% to close at 40,116.06. The Nifty 50 index fell 73 points or 0.61% to close at 11,840.45.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 584.92 crore yesterday, 13 November 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 890.03 crore yesterday, 13 November 2019, as per provisional data.
Powered by Capital Market - Live News