Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 8 points at the opening bell.
Overseas, Asian stocks were trading lower in the absence of progress in US-China trade talks.
U.S. stocks closed mostly lower Tuesday, with the Dow and S&P 500 retreating from records, on disappointing earnings results and doubts about a U.S. - China trade deal. The Nasdaq, however, notched a record finish on the strength of technology shares.
The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, U.S. President Donald Trump reportedly said on Tuesday, threatening an escalation of the spat that has damaged economic growth worldwide.
In U.S. economic data, U.S. home building rose in October and permits for future home construction jumped to a 12-year high. Housing starts increased 3.8% to a seasonally adjusted annual rate of 1.314 million units last month. Housing starts rose 8.5% on a year-on-year basis in October.
Back home, the benchmark indices ended with decent gains after a volatile session on Tuesday. The barometer index, the BSE Sensex, rose 185.51 points or 0.46% to 40,469.70. The Nifty 50 index rose 55.60 points or 0.47% to 11,940.10.
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 915.37 crore yesterday, 19 November 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 262.35 crore yesterday, 19 November 2019, as per provisional data.
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