Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 67 points at the opening bell.
Overseas, Asian stocks pared early losses as Chinese stocks swung higher for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit. US stocks edged lower on Friday, 19 October 2018 as investors assessed the latest batch of corporate earnings and simmering geopolitical tensions ahead of the weekend.
Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 618.26 crore on Friday, 19 October 2018, povisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 2.14 crore on Friday, 19 October 2018, as per provisional data.
Among stocks, Asian Paints will announce its September quarterly result today, 22 October 2018.
Net profit of HDFC Bank rose 20.59% to Rs 5005.73 crore on 21.2% rise in total income to Rs 28215.15 crore in Q2 September 2018 over Q2 September 2017. The result was announced on Saturday, 20 October 2018.
The domestic market dropped for a second straight session on Friday, 19 October 2018 dragged by selling in index heavyweight Reliance Industries, HDFC and Infosys. Negative global cues weighed on market sentiment. The Sensex fell 463.95 points or 1.33% to settle at 34,315.63.
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